Make 30 business transactions which are simple according to 11th class...
Business Transactions
1. Invested cash in the business: $10,000
2. Purchased office supplies: $500
3. Paid rent for the month: $1,000
4. Sold goods for cash: $2,500
5. Purchased inventory: $3,000
6. Paid utility bills: $300
7. Received cash from a customer: $1,200
8. Paid salaries to employees: $2,000
9. Sold goods on credit: $1,800
10. Paid for advertising: $400
11. Bought a computer for the business: $1,200
12. Received cash from a sale: $2,000
13. Paid interest on a loan: $150
14. Purchased a vehicle for delivery: $5,000
15. Received a payment from a debtor: $1,000
16. Paid for insurance: $600
17. Sold a piece of equipment: $800
18. Paid for maintenance services: $250
19. Received cash for services rendered: $1,500
20. Paid off a portion of the loan: $2,000
21. Purchased new inventory on credit: $4,000
22. Received a refund from a supplier: $300
23. Paid for office maintenance: $200
24. Sold goods for cash: $1,600
25. Paid for cleaning services: $150
26. Received cash from a sale: $1,800
27. Purchased furniture for the office: $1,000
28. Paid for professional services: $500
29. Sold old office supplies: $100
30. Received dividend income: $250
Journal Entries
| Date | Account Title | Debit ($) | Credit ($) |
|------|--------------------------------|-----------|------------|
| 1 | Cash | 10,000 | |
| | Capital | | 10,000 |
| 2 | Office Supplies | 500 | |
| | Cash | | 500 |
| ... | ... | ... | ... |
(b) Continue to fill in all entries accordingly for each transaction.
Ledger Accounts
- Cash Account
- Debit: 10,000, 2,500, 1,200, 2,000, ...
- Credit: 500, 1,000, ...
- Capital Account
- Credit: 10,000
- Office Supplies Account
- Debit: 500
... (Continue for all accounts)
Trial Balance
| Account Title | Debit ($) | Credit ($) |
|-----------------------------|-----------|------------|
| Cash | xxxxx | |
| Capital | | xxxxx |
| Office Supplies | xxxxx | |
| ... | ... | ... |
Ensure to balance the trial balance with total debits equal to total credits.
This structure will guide you through creating your project with a comprehensive view of business transactions, journal entries, ledger accounts, and the trial balance.