Accounting Business Reporting for Decision Making

146 Accounting: Business Reporting for Decision Making

b. General ledger
Cash 100

1/10 Balance b/d $71 270 7/10

12/10

Rent

Drawings

$ 1 000

1 500

2/10

10/10

26/10

27/10

Accounts receivable

Coaching fees

Coaching fees

Accounts receivable

3 000

5 600

12 000

3 800

18/10

22/10

30/10

30/10

30/10

Accounts payable

Wages expense

Wages expense

Coaching equipment

Balance c/d

1 400

4 500

2 500

48 800

35 970

95 670 95 670

1/11 Balance 35 970

Accounts receivable 110

1/10

25/10

1/11

Balance b/d

Coaching fees

Balance b/d

$6 800

6 900

13 700

6 900

2/10

27/10

31/10

Cash

Cash

Balance c/d

3 000

3 800

6 900

13 700

Office furniture 120

1/10 Balance b/d $3 200

Office equipment 130

1/10 Balance b/d $6 500

Coaching equipment 140

30/10 Cash $48 800

Accounts payable 200

18/10 Cash $1 400 1/10 Balance $1 400

Loan 210

1/10 Balance $50 000

Capital — N Cash 300

1/10 Balance $20 000

Drawings — N Cash 310

12/10 Cash 1 500

Coaching fees 400

1/10

10/10

25/10

26/10

Balance

Cash

Accounts receivable

Cash

22 300

5 600

6 900

12 000

1/11 Balance 46 800

Wages expense 500

1/10

22/10

30/10

Balance b/d

Cash

Cash

$2 200

4 500

2 500

31/10 Balance c/d 9 200

Website development 510

1/10 Balance b/d $2 000