To create the ledger account for Ravi based on the provided transactions, we will first pass the journal entries. Let's go through each transaction step-by-step:
Sold goods to Albert 3,200
Journal Entry: Debit Albert's Account $3,200; Credit Sales Account $3,200
Sold goods to Abdulla & Co. 5,000
Journal Entry: Debit Abdulla & Co.'s Account $5,000; Credit Sales Account $5,000
Received cheque from Harris 2,000
Journal Entry: Debit Bank Account $2,000; Credit Harris's Account $2,000
Paid wages in cash 160
Journal Entry: Debit Wages Account $160; Credit Cash Account $160
Paid office expenses in cash 100
Journal Entry: Debit Office Expenses Account $100; Credit Cash Account $100
Paid Sahul Ahmed & Co. by cheque in full settlement 12,260
Journal Entry: Debit Sahul Ahmed & Co.'s Account $12,260; Credit Bank Account $12,260
Harris's cheque returned, dishonoured
Journal Entry: Debit Harris's Account $2,000; Credit Bank Account $2,000
Received cheque from Abdulla & Co., in full settlement 10,400
Journal Entry: Debit Bank Account $10,400; Credit Abdulla & Co.'s Account $10,400
Abdulla & Co. returned goods, not up to sample 400
Journal Entry: Debit Sales Returns Account $400; Credit Abdulla & Co.'s Account $400
Paid for newspapers & periodicals 60
* Journal Entry: Debit Newspapers & Periodicals Account $60; Credit Cash Account $60
Sold old Newspapers 20
* Journal Entry: Debit Cash Account $20; Credit Miscellaneous Income Account $20
Received cheque from Albert 3,200
* Journal Entry: Debit Bank Account $3,200; Credit Albert's Account $3,200
Drawings out of bank for personal use 1,500
* Journal Entry: Debit Drawings Account $1,500; Credit Bank Account $1,500
Preparing Ledger Accounts
Now, let's focus on transacting these into respective ledger accounts, especially the account for Ravi:
Ravi's Ledger Account :
Since there are no specific transactions naming 'Ravi', if the enquirer indicates a different perspective or purpose for Ravi, it needs re-adjustment.
Each summarized journal translates precisely into a specific ledger, affecting debit and/or credit balances within the business's total ledger accounts. Understanding where to perform one's responsibilities is essential in maintaining the transparency and accuracy of financial records. If you have further details to add, please feel free!
The total charge delivered by the device is 450 coulombs. Using the charge of an electron, approximately 2.81 x 10^21 electrons flow through the device in 30 seconds. This is calculated using the relationship between current, charge, and time.
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