2 Financial Accounting

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Business Finance

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Ledger A/c of Cash   Ledger A/c of Land
Description Amount in $ Description Amount in $   Description Amount Description Amount
opening balance   30,000 Purchase Land   20,000   opening balance   16,000
Stock Sales   10,000 Operating Expenses   65,000   Cash a/c   20,000
Service Provide   90,000 Dividend paid   5,000    
Borrowed Cash   20,000    
   
   
   
   
   
c/f balance   60,000     c/f   36,000
  150,000   150,000       36,000   36,000
               
Ledger A/c of Common Stock   Ledger a/c of Note Payable
Description Amount Description Amount   Description Amount Description Amount
opening balance   20,000 Cash A/c   10,000   opening balance   10,000
   
   
   
   
   
   
   
   
c/f balance   10,000    
  20,000   20,000    
               
               
               
Assests Liabilities Stockholders' Equity      
Cash Land Note Payable Bank Loan common stock Retained Earnings      
  60,000   36,000   10,000   20,000   10,000   16,000    
               
               
               
 hope so its helpful


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