| for the year ending 30th july 2017 | |||
| Date | Particluars | Debit | Credit |
| 2017-06-01 | Cash A/c | Dr. | $13,840.00 |
| Equipment | Dr. | $2,980.00 | |
| To Capital A/c | $16,820.00 | ||
| (For capital invested in the business) | |||
| 2017-06-02 | Prepaid insurance | Dr. | $1,010.00 |
| To cash a/c | $1,010.00 | ||
| (for insurance policy pruchased) | |||
| 2017-06-03 | Equipment a/c | Dr. | $4,880.00 |
| To cash A/c | $925.00 | ||
| To note payable | $3,955.00 | ||
| (for equipment partly purchased in cash and in credit | |||
| 2017-06-10 | Cash A/c | Dr. | $415.00 |
| To rental income | $415.00 | ||
| (for rental income received) | |||
| 2017-06-16 | Accrued commission | Dr. | $7,980.00 |
| To commission income A/c | $7,980.00 | ||
| for commission accrued and not received yet | |||
| 2017-06-27 | Advertising Expenses | Dr. | $500.00 |
| To cash a/c | $500.00 | ||
| for advertising expenses paid | |||
| 2017-06-29 | Telephone expenses payable | Dr. | $95.00 |
| To telephone expense | $95.00 | ||
| for outstanding bill of telephone paid in this month | |||
| 2017-06-30 | Salary A/c | Dr. | $2,240.00 |
| To cash a/c | $2,240.00 | ||
| for salary paid to administrative assistant | |||
| 2017-06-30 | Cash A/c | Dr. | $7,980.00 |
| To accrued commission | $7,980.00 | ||
| for accrued commission receieved | |||
| Total | $41,920.00 | $41,920.00 |
