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.

Question

Asked on July 6, 2026Accounting

This accounting problem is solved step by step below, with detailed explanations to help you understand the method and arrive at the correct answer.

Accepted Answer · 2026-07-06T10:50:23.776Z

Here are the required accounting books, ledger accounts, and the trial balance for Uba's business for January 2002. --- Step 1: Prepare Subsidiary Books Cash Book (A two-column cash book for Cash and Bank transactions) |l|l|l|r|r||l|l|l|r|r| 10cCash Book \\ Date & Particulars & L.F. & Cash (N) & Bank (N) & Date & Particulars & L.F. & Cash (N) & Bank (N) \\ Jan 1 & To Capital & & 8,000 & 7,000 & Jan 2 & By Cash (C) & & & 1,000 \\ Jan 2 & To Bank (C) & & 1,000 & & Jan 7 & By Bank (C) & & 2,000 & \\ Jan 5 & To Sales & & 3,000 & & Jan 10 & By Rent & & & 200 \\ Jan 7 & To Cash (C) & & & 2,000 & Jan 13 & By Nze & & 2,000 & \\ Jan 12 & To Bills Rec. & & & 885 & Jan 30 & By Nze & & & 900 \\ Jan 31 & To Grace & & & 570 & Jan 31 & By Bal c/d & & 8,000 & 8,355 \\ & Total & & 12,000 & 10,455 & & Total & & 12,000 & 10,455 \\ Feb 1 & To Bal b/d & & 8,000 & 8,355 & & & & & \\ Sales Day Book |l|l|l|r| 4cSales Day Book \\ Date & Customer & L.F. & Amount (N) \\ Jan 4 & Joy & & 850 \\ Jan 4 & Amaka & & 900 \\ Jan 4 & Grace & & 700 \\ Jan 31 & Total to Sales A/c & & 2,450 \\ Purchases Day Book |l|l|l|r| 4cPurchases Day Book \\ Date & Supplier & L.F. & Amount (N) \\ Jan 3 & Nze & & 3,000 \\ Jan 3 & Igwe & & 8,000 \\ Jan 3 & Jide & & 600 \\ Jan 31 & Total to Purchases A/c & & 11,600 \\ Bills Receivable Book |l|l|l|l|l|r| 6cBills Receivable Book \\ Date of Bill & Drawer & Drawee & Term & Due Date & Amount (N) \\ Jan 8 & Uba & Amaka & 1 month & Feb 8 & 900 \\ Jan 27 & Uba & Joy & 1 month & Feb 27 & 850 \\ Jan 31 & Total to Bills Rec. A/c & & & & 1,750 \\ Bills Payable Book |l|l|l|l|l|r| 6cBills Payable Book \\ Date of Bill & Drawer & Drawee & Term & Due Date & Amount (N) \\ Jan 20 & Jide & Uba & 1 month & Feb 20 & 600 \\ Jan 22 & Igwe & Uba & 2 months & Mar 22 & 8,000 \\ Jan 31 & Total to Bills Pay. A/c & & & & 8,600 \\ --- Step 2: Post Entries to Ledger Accounts Capital Account |l|l|r||l|l|r| Date & Particulars & Amount (N) & Date & Particulars & Amount (N) \\ Jan 31 & Bal c/d & 15,000 & Jan 1 & By Cash/Bank & 15,000 \\ & & 15,000 & & & 15,000 \\ & & & Feb 1 & By Bal b/d & 15,000 \\ Purchases Account |l|l|r||l|l|r| Date & Particulars & Amount (N) & Date & Particulars & Amount (N) \\ Jan 31 & To Sundries (PDB) & 11,600 & Jan 31 & By Bal c/d & 11,600 \\ & & 11,600 & & & 11,600 \\ Feb 1 & To Bal b/d & 11,600 & & & \\ Sales Account |l|l|r||l|l|r| Date & Particulars & Amount (N) & Date & Particulars & Amount (N) \\ Jan 31 & Bal c/d & 5,450 & Jan 5 & By Cash & 3,000 \\ & & & Jan 31 & By Sundries (SDB) & 2,450 \\ & & 5,450 & & & 5,450 \\ & & & Feb 1 & By Bal b/d & 5,450 \\ Nze Account |l|l|r||l|l|r| Date & Particulars & Amount (N) & Date & Particulars & Amount (N) \\ Jan 13 & To Cash & 2,000 & Jan 3 & By Purchases & 3,000 \\ Jan 30 & To Bank & 900 & & & \\ Jan 30 & To Discount Rec. & 100 & & & \\ & & 3,000 & & & 3,000 \\ Igwe Account |l|l|r||l|l|r| Date & Particulars & Amount (N) & Date & Particulars & Amount (N) \\ Jan 22 & To Bills Payable & 8,000 & Jan 3 & By Purchases & 8,000 \\ & & 8,000 & & & 8,000 \\ Jide Account |l|l|r||l|l|r| Date & Particulars & Amount (N) & Date & Particulars & Amount (N) \\ Jan 20 & To Bills Payable & 600 & Jan 3 & By Purchases & 600 \\ & & 600 & & & 600 \\ Joy Account |l|l|r||l|l|r| Date & Particulars & Amount (N) & Date & Particulars & Amount (N) \\ Jan 4 & To Sales & 850 & Jan 27 & By Bills Rec. & 850 \\ & & 850 & & & 850 \\ Amaka Account |l|l|r||l|l|r| Date & Particulars & Amount (N) & Date & Particulars & Amount (N) \\ Jan 4 & To Sales & 900 & Jan 8 & By Bills Rec. & 900 \\ & & 900 & & & 900 \\ Grace Account |l|l|r||l|l|r| Date & Particulars & Amount (N) & Date & Particulars & Amount (N) \\ Jan 4 & To Sales & 700 & Jan 31 & By Bank & 570 \\ & & & Jan 31 & By Discount Allowed & 30 \\ & & & Jan 31 & By Bal c/d & 100 \\ & & 700 & & & 700 \\ Feb 1 & To Bal b/d & 100 & & & \\ Rent Account |l|l|r||l|l|r| Date & Particulars & Amount (N) & Date & Particulars & Amount (N) \\ Jan 10 & To Bank & 200 & Jan 31 & By Bal c/d & 200 \\ & & 200 & & & 200 \\ Feb 1 & To Bal b/d & 200 & & & \\ Discount Received Account |l|l|r||l|l|r| Date & Particulars & Amount (N) & Date & Particulars & Amount (N) \\ Jan 31 & Bal c/d & 100 & Jan 30 & By Nze & 100 \\ & & 100 & & & 100 \\ & & & Feb 1 & By Bal b/d & 100 \\ Discount Allowed Account |l|l|r||l|l|r| Date & Particulars & Amount (N) & Date & Particulars & Amount (N) \\ Jan 31 & To Grace & 30 & Jan 31 & By Bal c/d & 30 \\ & & 30 & & & 30 \\ Feb 1 & To Bal b/d & 30 & & & \\ Bank Charges Account |l|l|r||l|l|r| Date & Particulars & Amount (N) & Date & Particulars & Amount (N) \\ Jan 12 & To Bills Rec. Disc. & 15 & Jan 31 & By Bal c/d & 15 \\ & & 15 & & & 15 \\ Feb 1 & To Bal b/d & 15 & & & \\ Bills Receivable Account |l|l|r||l|l|r| Date & Particulars & Amount (N) & Date & Particulars & Amount (N) \\ Jan 8 & To Amaka & 900 & Jan 12 & By Bank (Discounted) & 900 \\ Jan 27 & To Joy & 850 & Jan 31 & By Bal c/d & 850 \\ & & 1,750 & & & 1,750 \\ Feb 1 & To Bal b/d & 850 & & & \\ Bills Payable Account |l|l|r||l|l|r| Date & Particulars & Amount (N) & Date & Particulars & Amount (N) \\ Jan 31 & Bal c/d & 8,600 & Jan 20 & By Jide & 600 \\ & & & Jan 22 & By Igwe & 8,000 \\ & & 8,600 & & & 8,600 \\ & & & Feb 1 & By Bal b/d & 8,600 \\ --- Step 3: Extract a Trial Balance |l|l|r|r| 4cUba's Business \\ 4cTrial Balance as at 31st January 2002 \\ Account Name & L.F. & Debit (N) & Credit (N) \\ Capital & & & 15,000 \\ Cash & & 8,000 & \\ Bank & & 8,355 & \\ Purchases & & 11,600 & \\ Sales & & & 5,450 \\ Grace & & 100 & \\ Rent & & 200 & \\ Discount Received & & & 100 \\ Discount Allowed & & 30 & \\ Bank Charges & & 15 & \\ Bills Receivable & & 850 & \\ Bills Payable & & & 8,600 \\ Total & & 29,150 & 29,150 \\ The trial balance totals match, indicating the accounts are arithmetically correct. --- Send me the next one 📸

Accepted Answer · 2026-07-06T10:50:23.776Z

Here are the required accounting books, ledger accounts, and the trial balance for Uba's business for January 2002. --- Step 1: Prepare Subsidiary Books Cash Book (A two-column cash book for Cash and Bank transactions) |l|l|l|r|r||l|l|l|r|r| 10cCash Book \\ Date & Particulars & L.F. & Cash (N) & Bank (N) & Date & Particulars & L.F. & Cash (N) & Bank (N) \\ Jan 1 & To Capital & & 8,000 & 7,000 & Jan 2 & By Cash (C) & & & 1,000 \\ Jan 2 & To Bank (C) & & 1,000 & & Jan 7 & By Bank (C) & & 2,000 & \\ Jan 5 & To Sales & & 3,000 & & Jan 10 & By Rent & & & 200 \\ Jan 7 & To Cash (C) & & & 2,000 & Jan 13 & By Nze & & 2,000 & \\ Jan 12 & To Bills Rec. & & & 885 & Jan 30 & By Nze & & & 900 \\ Jan 31 & To Grace & & & 570 & Jan 31 & By Bal c/d & & 8,000 & 8,355 \\ & Total & & 12,000 & 10,455 & & Total & & 12,000 & 10,455 \\ Feb 1 & To Bal b/d & & 8,000 & 8,355 & & & & & \\ Sales Day Book |l|l|l|r| 4cSales Day Book \\ Date & Customer & L.F. & Amount (N) \\ Jan 4 & Joy & & 850 \\ Jan 4 & Amaka & & 900 \\ Jan 4 & Grace & & 700 \\ Jan 31 & Total to Sales A/c & & 2,450 \\ Purchases Day Book |l|l|l|r| 4cPurchases Day Book \\ Date & Supplier & L.F. & Amount (N) \\ Jan 3 & Nze & & 3,000 \\ Jan 3 & Igwe & & 8,000 \\ Jan 3 & Jide & & 600 \\ Jan 31 & Total to Purchases A/c & & 11,600 \\ Bills Receivable Book |l|l|l|l|l|r| 6cBills Receivable Book \\ Date of Bill & Drawer & Drawee & Term & Due Date & Amount (N) \\ Jan 8 & Uba & Amaka & 1 month & Feb 8 & 900 \\ Jan 27 & Uba & Joy & 1 month & Feb 27 & 850 \\ Jan 31 & Total to Bills Rec. A/c & & & & 1,750 \\ Bills Payable Book |l|l|l|l|l|r| 6cBills Payable Book \\ Date of Bill & Drawer & Drawee & Term & Due Date & Amount (N) \\ Jan 20 & Jide & Uba & 1 month & Feb 20 & 600 \\ Jan 22 & Igwe & Uba & 2 months & Mar 22 & 8,000 \\ Jan 31 & Total to Bills Pay. A/c & & & & 8,600 \\ --- Step 2: Post Entries to Ledger Accounts Capital Account |l|l|r||l|l|r| Date & Particulars & Amount (N) & Date & Particulars & Amount (N) \\ Jan 31 & Bal c/d & 15,000 & Jan 1 & By Cash/Bank & 15,000 \\ & & 15,000 & & & 15,000 \\ & & & Feb 1 & By Bal b/d & 15,000 \\ Purchases Account |l|l|r||l|l|r| Date & Particulars & Amount (N) & Date & Particulars & Amount (N) \\ Jan 31 & To Sundries (PDB) & 11,600 & Jan 31 & By Bal c/d & 11,600 \\ & & 11,600 & & & 11,600 \\ Feb 1 & To Bal b/d & 11,600 & & & \\ Sales Account |l|l|r||l|l|r| Date & Particulars & Amount (N) & Date & Particulars & Amount (N) \\ Jan 31 & Bal c/d & 5,450 & Jan 5 & By Cash & 3,000 \\ & & & Jan 31 & By Sundries (SDB) & 2,450 \\ & & 5,450 & & & 5,450 \\ & & & Feb 1 & By Bal b/d & 5,450 \\ Nze Account |l|l|r||l|l|r| Date & Particulars & Amount (N) & Date & Particulars & Amount (N) \\ Jan 13 & To Cash & 2,000 & Jan 3 & By Purchases & 3,000 \\ Jan 30 & To Bank & 900 & & & \\ Jan 30 & To Discount Rec. & 100 & & & \\ & & 3,000 & & & 3,000 \\ Igwe Account |l|l|r||l|l|r| Date & Particulars & Amount (N) & Date & Particulars & Amount (N) \\ Jan 22 & To Bills Payable & 8,000 & Jan 3 & By Purchases & 8,000 \\ & & 8,000 & & & 8,000 \\ Jide Account |l|l|r||l|l|r| Date & Particulars & Amount (N) & Date & Particulars & Amount (N) \\ Jan 20 & To Bills Payable & 600 & Jan 3 & By Purchases & 600 \\ & & 600 & & & 600 \\ Joy Account |l|l|r||l|l|r| Date & Particulars & Amount (N) & Date & Particulars & Amount (N) \\ Jan 4 & To Sales & 850 & Jan 27 & By Bills Rec. & 850 \\ & & 850 & & & 850 \\ Amaka Account |l|l|r||l|l|r| Date & Particulars & Amount (N) & Date & Particulars & Amount (N) \\ Jan 4 & To Sales & 900 & Jan 8 & By Bills Rec. & 900 \\ & & 900 & & & 900 \\ Grace Account |l|l|r||l|l|r| Date & Particulars & Amount (N) & Date & Particulars & Amount (N) \\ Jan 4 & To Sales & 700 & Jan 31 & By Bank & 570 \\ & & & Jan 31 & By Discount Allowed & 30 \\ & & & Jan 31 & By Bal c/d & 100 \\ & & 700 & & & 700 \\ Feb 1 & To Bal b/d & 100 & & & \\ Rent Account |l|l|r||l|l|r| Date & Particulars & Amount (N) & Date & Particulars & Amount (N) \\ Jan 10 & To Bank & 200 & Jan 31 & By Bal c/d & 200 \\ & & 200 & & & 200 \\ Feb 1 & To Bal b/d & 200 & & & \\ Discount Received Account |l|l|r||l|l|r| Date & Particulars & Amount (N) & Date & Particulars & Amount (N) \\ Jan 31 & Bal c/d & 100 & Jan 30 & By Nze & 100 \\ & & 100 & & & 100 \\ & & & Feb 1 & By Bal b/d & 100 \\ Discount Allowed Account |l|l|r||l|l|r| Date & Particulars & Amount (N) & Date & Particulars & Amount (N) \\ Jan 31 & To Grace & 30 & Jan 31 & By Bal c/d & 30 \\ & & 30 & & & 30 \\ Feb 1 & To Bal b/d & 30 & & & \\ Bank Charges Account |l|l|r||l|l|r| Date & Particulars & Amount (N) & Date & Particulars & Amount (N) \\ Jan 12 & To Bills Rec. Disc. & 15 & Jan 31 & By Bal c/d & 15 \\ & & 15 & & & 15 \\ Feb 1 & To Bal b/d & 15 & & & \\ Bills Receivable Account |l|l|r||l|l|r| Date & Particulars & Amount (N) & Date & Particulars & Amount (N) \\ Jan 8 & To Amaka & 900 & Jan 12 & By Bank (Discounted) & 900 \\ Jan 27 & To Joy & 850 & Jan 31 & By Bal c/d & 850 \\ & & 1,750 & & & 1,750 \\ Feb 1 & To Bal b/d & 850 & & & \\ Bills Payable Account |l|l|r||l|l|r| Date & Particulars & Amount (N) & Date & Particulars & Amount (N) \\ Jan 31 & Bal c/d & 8,600 & Jan 20 & By Jide & 600 \\ & & & Jan 22 & By Igwe & 8,000 \\ & & 8,600 & & & 8,600 \\ & & & Feb 1 & By Bal b/d & 8,600 \\ --- Step 3: Extract a Trial Balance |l|l|r|r| 4cUba's Business \\ 4cTrial Balance as at 31st January 2002 \\ Account Name & L.F. & Debit (N) & Credit (N) \\ Capital & & & 15,000 \\ Cash & & 8,000 & \\ Bank & & 8,355 & \\ Purchases & & 11,600 & \\ Sales & & & 5,450 \\ Grace & & 100 & \\ Rent & & 200 & \\ Discount Received & & & 100 \\ Discount Allowed & & 30 & \\ Bank Charges & & 15 & \\ Bills Receivable & & 850 & \\ Bills Payable & & & 8,600 \\ Total & & 29,150 & 29,150 \\ The trial balance totals match, indicating the accounts are arithmetically correct. --- Send me the next one 📸

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.

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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.

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More Accounting Questions