Question #315319
On March 1, of the current year, Ms. Jocelyn Montery made the following initial
investments on her consultancy office:
Cash deposited in Metro Bank Ᵽ 100,000
Revolving fund for current operation 20,000
Required:
1) Record the transactions in a two-column general journal.
2) Post to the ledger.
3) Prepare the Trial Balance.
Expert's answer
1) Dr Bank 100,000
Cr Capital 100,000
Dr Cash In Hand 20,000
Cr Capital 20,000
2) Dr Cash 120,000
Cr Capital 120,000
3) Trial Balance
Dr Cr
Cash/Bank 120,000 Capital 120,000
