Prepare a cash book, sales day book, purchases day book, bills payable and receivable books from the following transactions. Post the entries to the ledger accounts and extract a trial balance.

• Cash Book (A two-column cash book for Cash and Bank transactions)

  $$\begin{array}{|l|l|l|r|r||l|l|l|r|r|} \multicolumn{10}{c}{\textbf{Cash Book}} \\ \hline \textbf{Date} & \textbf{Particulars} & \textbf{L.F.} & \textbf{Cash (N)} & \textbf{Bank (N)} & \textbf{Date} & \textbf{Particulars} & \textbf{L.F.} & \textbf{Cash (N)} & \textbf{Bank (N)} \\ \hline \text{Jan 1} & \text{To Capital} & & 8,000 & 7,000 & \text{Jan 2} & \text{By Cash (C)} & & & 1,000 \\ \text{Jan 2} & \text{To Bank (C)} & & 1,000 & & \text{Jan 7} & \text{By Bank (C)} & & 2,000 & \\ \text{Jan 5} & \text{To Sales} & & 3,000 & & \text{Jan 10} & \text{By Rent} & & & 200 \\ \text{Jan 7} & \text{To Cash (C)} & & & 2,000 & \text{Jan 13} & \text{By Nze} & & 2,000 & \\ \text{Jan 12} & \text{To Bills Rec.} & & & 885 & \text{Jan 30} & \text{By Nze} & & & 900 \\ \text{Jan 31} & \text{To Grace} & & & 570 & \text{Jan 31} & \text{By Bal c/d} & & 8,000 & 8,355 \\ \hline & \textbf{Total} & & \textbf{12,000} & \textbf{10,455} & & \textbf{Total} & & \textbf{12,000} & \textbf{10,455} \\ \hline \text{Feb 1} & \text{To Bal b/d} & & 8,000 & 8,355 & & & & & \\ \hline \end{array}$$

• Sales Day Book

  $$\begin{array}{|l|l|l|r|} \multicolumn{4}{c}{\textbf{Sales Day Book}} \\ \hline \textbf{Date} & \textbf{Customer} & \textbf{L.F.} & \textbf{Amount (N)} \\ \hline \text{Jan 4} & \text{Joy} & & 850 \\ \text{Jan 4} & \text{Amaka} & & 900 \\ \text{Jan 4} & \text{Grace} & & 700 \\ \hline \text{Jan 31} & \text{Total to Sales A/c} & & \textbf{2,450} \\ \hline \end{array}$$

• Purchases Day Book

  $$\begin{array}{|l|l|l|r|} \multicolumn{4}{c}{\textbf{Purchases Day Book}} \\ \hline \textbf{Date} & \textbf{Supplier} & \textbf{L.F.} & \textbf{Amount (N)} \\ \hline \text{Jan 3} & \text{Nze} & & 3,000 \\ \text{Jan 3} & \text{Igwe} & & 8,000 \\ \text{Jan 3} & \text{Jide} & & 600 \\ \hline \text{Jan 31} & \text{Total to Purchases A/c} & & \textbf{11,600} \\ \hline \end{array}$$

• Bills Receivable Book

  $$\begin{array}{|l|l|l|l|l|r|} \multicolumn{6}{c}{\textbf{Bills Receivable Book}} \\ \hline \textbf{Date of Bill} & \textbf{Drawer} & \textbf{Drawee} & \textbf{Term} & \textbf{Due Date} & \textbf{Amount (N)} \\ \hline \text{Jan 8} & \text{Uba} & \text{Amaka} & \text{1 month} & \text{Feb 8} & 900 \\ \text{Jan 27} & \text{Uba} & \text{Joy} & \text{1 month} & \text{Feb 27} & 850 \\ \hline \text{Jan 31} & \text{Total to Bills Rec. A/c} & & & & \textbf{1,750} \\ \hline \end{array}$$

• Bills Payable Book

  $$\begin{array}{|l|l|l|l|l|r|} \multicolumn{6}{c}{\textbf{Bills Payable Book}} \\ \hline \textbf{Date of Bill} & \textbf{Drawer} & \textbf{Drawee} & \textbf{Term} & \textbf{Due Date} & \textbf{Amount (N)} \\ \hline \text{Jan 20} & \text{Jide} & \text{Uba} & \text{1 month} & \text{Feb 20} & 600 \\ \text{Jan 22} & \text{Igwe} & \text{Uba} & \text{2 months} & \text{Mar 22} & 8,000 \\ \hline \text{Jan 31} & \text{Total to Bills Pay. A/c} & & & & \textbf{8,600} \\ \hline \end{array}$$

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• Capital Account

  $$\begin{array}{|l|l|r||l|l|r|} \hline \textbf{Date} & \textbf{Particulars} & \textbf{Amount (N)} & \textbf{Date} & \textbf{Particulars} & \textbf{Amount (N)} \\ \hline \text{Jan 31} & \text{Bal c/d} & 15,000 & \text{Jan 1} & \text{By Cash/Bank} & 15,000 \\ \hline & & \textbf{15,000} & & & \textbf{15,000} \\ \hline & & & \text{Feb 1} & \text{By Bal b/d} & 15,000 \\ \hline \end{array}$$

• Purchases Account

  $$\begin{array}{|l|l|r||l|l|r|} \hline \textbf{Date} & \textbf{Particulars} & \textbf{Amount (N)} & \textbf{Date} & \textbf{Particulars} & \textbf{Amount (N)} \\ \hline \text{Jan 31} & \text{To Sundries (PDB)} & 11,600 & \text{Jan 31} & \text{By Bal c/d} & 11,600 \\ \hline & & \textbf{11,600} & & & \textbf{11,600} \\ \hline \text{Feb 1} & \text{To Bal b/d} & 11,600 & & & \\ \hline \end{array}$$

• Sales Account

  $$\begin{array}{|l|l|r||l|l|r|} \hline \textbf{Date} & \textbf{Particulars} & \textbf{Amount (N)} & \textbf{Date} & \textbf{Particulars} & \textbf{Amount (N)} \\ \hline \text{Jan 31} & \text{Bal c/d} & 5,450 & \text{Jan 5} & \text{By Cash} & 3,000 \\ & & & \text{Jan 31} & \text{By Sundries (SDB)} & 2,450 \\ \hline & & \textbf{5,450} & & & \textbf{5,450} \\ \hline & & & \text{Feb 1} & \text{By Bal b/d} & 5,450 \\ \hline \end{array}$$

• Nze Account

  $$\begin{array}{|l|l|r||l|l|r|} \hline \textbf{Date} & \textbf{Particulars} & \textbf{Amount (N)} & \textbf{Date} & \textbf{Particulars} & \textbf{Amount (N)} \\ \hline \text{Jan 13} & \text{To Cash} & 2,000 & \text{Jan 3} & \text{By Purchases} & 3,000 \\ \text{Jan 30} & \text{To Bank} & 900 & & & \\ \text{Jan 30} & \text{To Discount Rec.} & 100 & & & \\ \hline & & \textbf{3,000} & & & \textbf{3,000} \\ \hline \end{array}$$

• Igwe Account

  $$\begin{array}{|l|l|r||l|l|r|} \hline \textbf{Date} & \textbf{Particulars} & \textbf{Amount (N)} & \textbf{Date} & \textbf{Particulars} & \textbf{Amount (N)} \\ \hline \text{Jan 22} & \text{To Bills Payable} & 8,000 & \text{Jan 3} & \text{By Purchases} & 8,000 \\ \hline & & \textbf{8,000} & & & \textbf{8,000} \\ \hline \end{array}$$

• Jide Account

  $$\begin{array}{|l|l|r||l|l|r|} \hline \textbf{Date} & \textbf{Particulars} & \textbf{Amount (N)} & \textbf{Date} & \textbf{Particulars} & \textbf{Amount (N)} \\ \hline \text{Jan 20} & \text{To Bills Payable} & 600 & \text{Jan 3} & \text{By Purchases} & 600 \\ \hline & & \textbf{600} & & & \textbf{600} \\ \hline \end{array}$$

• Joy Account

  $$\begin{array}{|l|l|r||l|l|r|} \hline \textbf{Date} & \textbf{Particulars} & \textbf{Amount (N)} & \textbf{Date} & \textbf{Particulars} & \textbf{Amount (N)} \\ \hline \text{Jan 4} & \text{To Sales} & 850 & \text{Jan 27} & \text{By Bills Rec.} & 850 \\ \hline & & \textbf{850} & & & \textbf{850} \\ \hline \end{array}$$

• Amaka Account

  $$\begin{array}{|l|l|r||l|l|r|} \hline \textbf{Date} & \textbf{Particulars} & \textbf{Amount (N)} & \textbf{Date} & \textbf{Particulars} & \textbf{Amount (N)} \\ \hline \text{Jan 4} & \text{To Sales} & 900 & \text{Jan 8} & \text{By Bills Rec.} & 900 \\ \hline & & \textbf{900} & & & \textbf{900} \\ \hline \end{array}$$

• Grace Account

  $$\begin{array}{|l|l|r||l|l|r|} \hline \textbf{Date} & \textbf{Particulars} & \textbf{Amount (N)} & \textbf{Date} & \textbf{Particulars} & \textbf{Amount (N)} \\ \hline \text{Jan 4} & \text{To Sales} & 700 & \text{Jan 31} & \text{By Bank} & 570 \\ & & & \text{Jan 31} & \text{By Discount Allowed} & 30 \\ & & & \text{Jan 31} & \text{By Bal c/d} & 100 \\ \hline & & \textbf{700} & & & \textbf{700} \\ \hline \text{Feb 1} & \text{To Bal b/d} & 100 & & & \\ \hline \end{array}$$

• Rent Account

  $$\begin{array}{|l|l|r||l|l|r|} \hline \textbf{Date} & \textbf{Particulars} & \textbf{Amount (N)} & \textbf{Date} & \textbf{Particulars} & \textbf{Amount (N)} \\ \hline \text{Jan 10} & \text{To Bank} & 200 & \text{Jan 31} & \text{By Bal c/d} & 200 \\ \hline & & \textbf{200} & & & \textbf{200} \\ \hline \text{Feb 1} & \text{To Bal b/d} & 200 & & & \\ \hline \end{array}$$

• Discount Received Account

  $$\begin{array}{|l|l|r||l|l|r|} \hline \textbf{Date} & \textbf{Particulars} & \textbf{Amount (N)} & \textbf{Date} & \textbf{Particulars} & \textbf{Amount (N)} \\ \hline \text{Jan 31} & \text{Bal c/d} & 100 & \text{Jan 30} & \text{By Nze} & 100 \\ \hline & & \textbf{100} & & & \textbf{100} \\ \hline & & & \text{Feb 1} & \text{By Bal b/d} & 100 \\ \hline \end{array}$$

• Discount Allowed Account

  $$\begin{array}{|l|l|r||l|l|r|} \hline \textbf{Date} & \textbf{Particulars} & \textbf{Amount (N)} & \textbf{Date} & \textbf{Particulars} & \textbf{Amount (N)} \\ \hline \text{Jan 31} & \text{To Grace} & 30 & \text{Jan 31} & \text{By Bal c/d} & 30 \\ \hline & & \textbf{30} & & & \textbf{30} \\ \hline \text{Feb 1} & \text{To Bal b/d} & 30 & & & \\ \hline \end{array}$$

• Bank Charges Account

  $$\begin{array}{|l|l|r||l|l|r|} \hline \textbf{Date} & \textbf{Particulars} & \textbf{Amount (N)} & \textbf{Date} & \textbf{Particulars} & \textbf{Amount (N)} \\ \hline \text{Jan 12} & \text{To Bills Rec. Disc.} & 15 & \text{Jan 31} & \text{By Bal c/d} & 15 \\ \hline & & \textbf{15} & & & \textbf{15} \\ \hline \text{Feb 1} & \text{To Bal b/d} & 15 & & & \\ \hline \end{array}$$

• Bills Receivable Account

  $$\begin{array}{|l|l|r||l|l|r|} \hline \textbf{Date} & \textbf{Particulars} & \textbf{Amount (N)} & \textbf{Date} & \textbf{Particulars} & \textbf{Amount (N)} \\ \hline \text{Jan 8} & \text{To Amaka} & 900 & \text{Jan 12} & \text{By Bank (Discounted)} & 900 \\ \text{Jan 27} & \text{To Joy} & 850 & \text{Jan 31} & \text{By Bal c/d} & 850 \\ \hline & & \textbf{1,750} & & & \textbf{1,750} \\ \hline \text{Feb 1} & \text{To Bal b/d} & 850 & & & \\ \hline \end{array}$$

• Bills Payable Account

  $$\begin{array}{|l|l|r||l|l|r|} \hline \textbf{Date} & \textbf{Particulars} & \textbf{Amount (N)} & \textbf{Date} & \textbf{Particulars} & \textbf{Amount (N)} \\ \hline \text{Jan 31} & \text{Bal c/d} & 8,600 & \text{Jan 20} & \text{By Jide} & 600 \\ & & & \text{Jan 22} & \text{By Igwe} & 8,000 \\ \hline & & \textbf{8,600} & & & \textbf{8,600} \\ \hline & & & \text{Feb 1} & \text{By Bal b/d} & 8,600 \\ \hline \end{array}$$

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$$\begin{array}{|l|l|r|r|} \multicolumn{4}{c}{\textbf{Uba's Business}} \\ \multicolumn{4}{c}{\textbf{Trial Balance as at 31st January 2002}} \\ \hline \textbf{Account Name} & \textbf{L.F.} & \textbf{Debit (N)} & \textbf{Credit (N)} \\ \hline \text{Capital} & & & 15,000 \\ \text{Cash} & & 8,000 & \\ \text{Bank} & & 8,355 & \\ \text{Purchases} & & 11,600 & \\ \text{Sales} & & & 5,450 \\ \text{Grace} & & 100 & \\ \text{Rent} & & 200 & \\ \text{Discount Received} & & & 100 \\ \text{Discount Allowed} & & 30 & \\ \text{Bank Charges} & & 15 & \\ \text{Bills Receivable} & & 850 & \\ \text{Bills Payable} & & & 8,600 \\ \hline \textbf{Total} & & \textbf{29,150} & \textbf{29,150} \\ \hline \end{array}$$

The trial balance totals match, indicating the accounts are arithmetically correct.

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