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XI Accounting General Journal Test 03

Shamim collegiate Paper 1st year Accounting general journal Test 03 Jan 1 Bought goods for cash 70,000 2 Sold good to Steve Co.(Credit) 38,000 15 Sold goods for cash 9,000 21 Steve co. paid by cheque 35,000 22 Stationery bill paid by chq 2,000 22 Telephone bill by cash 500 31 Paid rent by cash 2,000 Paid salaries by cash 3,000 Withdrew cash personal use 5,000 Requirement General Journal Ledger T account Transaction June 8 An amount of $50,000 was paid for six months of rent. June 9 Equipment costing $100,000 was purchased using $40,000 cash. The remaining amount of $60,000 is a one year note with an interest rate of 3.4% June 10 Office supplies were purchased totaling $25,000 on account. June 16 Received $39,400 in cash for services rendered to customers. June 16 Paid the account for office supplies purchased June 10. June 20 $63,900 worth of services were given to customers. Re

2nd year accounting test paper

Shamim collegiate La54 block 15 gulshan e Mustafa Karachi 03433498272 2 nd year test paper Question No. 01 Single Entry Given data belongs to AAA Corporation: Particular Jan. 01 2011 Dec. 31 2011 Cash 2000 6600 Account receivable  3600 4300 Supplies 800 1420 Merchandise 2600 3700 Prepaid insurance 360 490 Prepaid rent 750 1150 Furniture 2000 Equipment 2400 6000 Notes payable 1140 1660 Account payable 1000 1230 Bank overdraft 1620 Bank account 1100 Commission revenue 1200 3100 Capital ? ? Data for adjustment: 1.                               Owner invested 2100 cash as additional investment. 2.                               Drawing 120 p.m 3.                               Commission income unear

1st year accounting

Shamim collegiate Accounting 1 st year Test Jan 1 Bought goods for cash 70,000 2 Sold good to Steve Co.(Credit) 38,000 15 Sold goods for cash 9,000 21 Steve co. paid by cheque 35,000 22 Stationery bill paid by chq 2,000 22 Telephone bill by cash 500 31 Paid rent by cash 2,000 Paid salaries by cash 3,000 Withdrew cash personal use 5,000 Requirement General Journal Ledger T account Transaction June 8 An amount of $50,000 was paid for six months of rent. June 9 Equipment costing $100,000 was purchased using $40,000 cash. The remaining amount of $60,000 is a one year note with an interest rate of 3.4% June 10 Office supplies were purchased totaling $25,000 on account. June 16 Received $39,400 in cash for services rendered to customers. June 16 Paid the account for office supplies purchased June 10. June 20 $63,900 worth of services were g