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Ans-1

Assets
S.NO
Cash
1
30000
2
-5000
3a
6000
3b
4
5
-800
6a
6b
7
-2400
8
-8000
9
31000
10
-29000
11
-10000
12
13
-1200
Total
10600
Grand Total Assets
Assests=liability+
OE
Check

Liability
Acc.Receiv Long term
able
investment Ac. Payable

Inventory/Merchandise
5000
-4000
35000

35000
36000

-24000

-31000
29000
10000
700
41000
66600

5000

10000

35700
Liability

Ans-2
Assets
S.NO
Cash
1
150000
2
3
-40000
3a
4
5
6000
Total
116000
Grand Total Assets
Assests=liability+
OE
Check

Ans -3
Issued share
1 capital for cash

Liability
Acc.Receiv
able
Fixed assets Ac. Payable

Inventory/Merchandise
15000

15000
40000
25000

-12500
2500
177500
0

50

-6000
19000

40000

15000
Liability

Purchase
Merchandise on
2 account
3 Made cash sales

30
50

4 Cost of good sold

10

5 paid cash divident


Purchase land in
6 cash
7 Unpaid salary
Sales made on
8 account

10

9 Cost of goods sold


Cash received
10 from customer

50
5
20

10

Liability
Share capital
30000

Owners equity
retained earning
Rev
Exp
Div

6000
-4000
-800
36000
-24000
-2400
-8000

-700
0
35700

30000
Owners equity

Liability
Share capital
150000

42000
30900

-39900

-1200
-1200

Owners equity
retained earning
Rev
Exp
Div

25000
-12500
0
15000

150000
Owners equity

25000
162500

-12500