Submitted by :

Khushboo gupta
Mohit gandhi
Puneet sehgal
Saswat nayak
Surender Singh
Date Particulars Dr Cr
01-Apr Cash 40,000
To capital 40,000

National 40,000
To Cash 40,000

Bank 10,000
To Capital 10,000

30-Apr Furniture 6,000

To Bank 6,000

Insurance 1,200
To Bank 1,200

01-May Oil and grease inv. 6,320

Uniform 4,130
Equipment 25,200
Rent 1,500
To National 37,150

Equipment 49,800
To National 49,800

National 49,800
To Accounts Payable 49,800

Bank 1,08,600
To Cash 1,08,600
Date Particulars Dr Cr
Cash 3,300
To Parking revenue 3,300

Cash 1,05,300
To Oil and grease 1,05,300

Oil and grease 8,230

Payroll 34,560
Utilities 1,700
Misc. expenses 6,600
Rent and lease 26,400
Accounts payable 2,490
Withdrawals 4,500
To Bank 84,480

Depreciation (Dep.) 3,750

To Bank 3,750

Dep. 150
To Furniture 150

Dep. 300
To Insurance 300

Account Receivables 340

To Parking Rev. 340

Account Receivables 730

To Local Merchants 730

Payroll 2100
To Account Payable 2100

Utility 350
To Account Payable 350

Acc.Receivables 400
To Checks 400

Acc.Receivables 450
To Withdrawal 450
TRIAL BALANCE

Trial Debit Credit

cash 0 0
capital 50000
bank 26920
net depreciation 2850
furniture 5850
insurance 900
oil & grease inventory 14550
uniform & others 4130
equipment 71250
rent & lease 27900
national 0 0
notes payable 47310
parking revenue 3640
oil & grease 105300
cheque 400
depreciation 4200
local 730
account payable 2450
payroll 36660
utility 2050
miscellaneous 6600
account receivable 1920
withdrawal 4050
TOTAL 209830 209830
 Capital : $50000
Depreciation: $4200
Prepaid Assets: $3750
Cash Balance: nil, but Bank Balance is
$26,920
Accounts Receivable: $1920
Liabilities: $49760
 Withdrawals: $4050
Cost of Sales: $9260
Parking Revenues: $3640
Lease Expense: $27900
Total Revenue: $110520
 These checks can be accounted as account
receivables for future parking revenues (i.e.
for August).