ENGIL REPAIRS

General Journal
For the Month of March 2021

Date Particular DEBIT(K) CREDIT(K)

01/03/21 Cash on hand 12,000.00
Capital - 4 Coy 12,000.00
Owner started business with K12,000 in cash

02/03/21 Bank 11,700.00

Cash on hand 11,700.00
Being started paid cash into the bank

03/03/21 Office furniture 1,900.00

Accounts Payable 1,900.00
Got office furnitures in credit from Dream Ltd

06/03/21 Van 5,250.00

Bank 5,250.00
Bought a Van

07/03/21 Equipment 2,300.00

Accounts Payable 2,300.00
Got equipments worth K2,300 from PS on credit.

10/03/21 Accounts Payable 120.00

Office Furniture 120.00
Returned faulty office furnitures worth K120 to Dream Ltd

11/03/21 Cash on hand 200.00

Equipment 200.00
Being sold Equipment

15/03/21 Accounts Payable 1,780.00

Bank 1,780.00
Paid off credit owing to Dream Ltd for Office Furnitures

16/03/21 Cash on hand 130.00

Bank 130.00
Withdrew K130 out from bank and added to cash on hand

17/03/21 Bank 4,000.00

FB lent 4,000.00
FB lent cheque of K4,000 to Engil Repairs

18/03/21 Cash on hand 12,000.00

Sales 12,000.00
Being for goods sold

19/03/21 Fuel 110.00

Electricity 300.00
Cash on hand 410.00
Being paid by cash.

Prepared by : Alex Rakava CIA D1 10

 ENGIL REPAIRS
General Journal
For the Month of March 2021

Date Particular DEBIT(K) CREDIT(K)

20/03/21 Equipment 800.00
Cash on hand 800.00
Purchased purchase equipment by cash.

23/03/21 Cash on hand 400.00

Sales 400.00
Being sales received over counter repairs.

24/03/21 Wages 7,000.00

Cash on hand 7,000.00
Payment of wages

25/03/21 Cash on hand 200.00

Accounts Receivable 580.00
Sales 780.00
Revenue earned for repairs works

27/03/21 Fuel 400.00

Cash on hand 400.00
Being payment of patrol expenses]

31/03/21 Cash on hand 460.00

Sales 460.00
Being revenue earned.

Prepared by : Alex Rakava CIA D1 10

 ENGIL REPAIRS
General Ledger
For the Month of March 2021

Cash on Hand
DEBIT(K) CREDIT(K)
Date Account Amount Date Account Amount
1/03/2021 Capital - 4 Coy 12,000.00
2/03/2021 Bank 11,700.00
11/03/2021 Equipement 200.00
16/03/2021 Bank 130.00
18/03/2021 Sales 12,000.00
19/03/2021 Fuel 110.00
Electricity 300.00
20/03/2021 Equipment 800.00
23/03/2021 Sales 400.00
24/03/2021 Wages 7,000.00
25/03/2021 Sales 200.00
27/03/2021 Fuel 400.00
31/03/2021 Sales 460.00

25,390.00 20,310.00
Bal 5,080.00

Bank
DEBIT(K) CREDIT(K)
Date Account Amount Date Account Amount
2/03/2021 Cash on Hand 11,700.00
6/03/2021 Motor Vehicle 5,250.00
15/03/2021 Accounts Payable 1,780.00
16/03/2021 Cash on Hand 130.00
17/03/2021 FB 4,000.00

15,700.00 7,160.00
Bal 8,540.00

Capital - 4 Coy
DEBIT(K) CREDIT(K)
Date Account Amount Date Account Amount
1/03/2021 Cash on Hand 12,000.00

Bal 12,00.00

Office Furniture
DEBIT(K) CREDIT(K)
Date Account Amount Date Account Amount
3/03/2021 Accounts Payable 1,900.00
10/03/2021 Accounts Payable 120.00
 1,900.00 120.00
Bal 1,780.00

Motor Vehicle
DEBIT(K) CREDIT(K)
Date Account Amount Date Account Amount
6/03/2021 Bank 5,250.00

0.00
Bal 5,250.00

Equipement
DEBIT(K) CREDIT(K)
Date Account Amount Date Account Amount
7/03/2021 Accounts Payable 2,300.00
11/03/2021 Cash on Hand 200.00
20/03/2021 Cash on Hand 800.00

3,100.00 200.00
Bal 2,900.00

Accounts Payable
DEBIT(K) CREDIT(K)
Date Account Amount Date Account Amount
3/03/2021 Office Furniture 1,900.00
7/03/2021 Equipment 2,300.00
10/03/2021 Office Furniture 120.00
15/03/2021 Bank 1,780.00

1,900.00 4,200.00
Bal 2,300.00

FB
DEBIT(K) CREDIT(K)
Date Account Amount Date Account Amount
17/03/2021 Bank 4,000.00

0.00 Bal 4,000.00

Sales
DEBIT(K) CREDIT(K)
Date Account Amount Date Account Amount
18/03/2021 Cash on Hand 12,000.00
23/03/2021 Cash on Hand 400.00
25/03/2021 Cash on Hand 200.00
Accounts Receivable 580.00
31/03/2021 Cash on Hand 460.00
0.00 13,640.00
Fuel
DEBIT(K) CREDIT(K)
Date Account Amount Date Account Amount
19/03/2021 Cash on Hand 110.00
27/03/2021 Cash on Hand 400.00

510.00 0.00

Electricity
DEBIT(K) CREDIT(K)
Date Account Amount Date Account Amount
19/03/2021 Cash on Hand 300.00

300.00 0.00

Wages
DEBIT(K) CREDIT(K)
Date Account Amount Date Account Amount
24/03/2021 Cash on Hand 7,000.00

7,000.00 0.00

Accounts Receivable
DEBIT(K) CREDIT(K)
Date Account Amount Date Account Amount
25/03/2021 Sales 580.00

580.00 0.00
 ENGIL REPAIRS
Trial Balance
As at 31st March 2021

Accounts DEBIT(K) CREDIT(K)

Cash on Hand 5,080.00
Bank 8,540.00
Capital - 4 Coy 12,000.00
Office Furniture 1,780.00
Motor Vehicle 5,250.00
Equipment 2,900.00
Accounts Payable 2,300.00
FB 4,000.00
Sales 13,640.00
Fuel 510.00
Electricity 300.00
Wages 7,000.00
Accounts Receivable 580.00
Total Balance 31,940.00 31,940.00
 ENGIL REPAIRS
Income Statement
As at 31st March 2021

Income Amount(k) Amount(K)

Sales 13,640.00
Gross Sales 13,640.00

Expenses
Electricity 300.00
Fuel 510.00
Wages 7,000.00
Gross Expenses 7,810.00

Net Profit 5,830.00

 ENGIL REPAIRS
Balance Sheet
As at 31st March 2021

Assets
Cash on Hand 5,080.00
Bank 8,540.00
Office Furniture 1,780.00
Motor Vehicle 5,250.00
Equipment 2,900.00
Accounts Receivable 580.00
Total Assets K24,130.00

Liability
Accounts Payable 2,300.00
FB 4,000.00
Total Liabilities K6,300.00

Owners Equity -
Retain Earnings 5,830.00
Capital - 4 Coy 12,000
Total Equity K17,830.00

Total Liabilities & Owners Equity K24,130