Let's break down the requirements step by step.
### a) **Journal Entries**
1. **Jan 2**: Paid monthly rent of 200,000 Rwf by cheque
- **Debit** Rent Expense 200,000 Rwf
- **Credit** Bank 200,000 Rwf
2. **Jan 3**: Cash sales of 205,000 Rwf received by cheque
- **Debit** Bank 205,000 Rwf
- **Credit** Sales Revenue 205,000 Rwf
3. **Jan 5**: Credit purchases of 120,000 Rwf
- **Debit** Stock 120,000 Rwf
- **Credit** Accounts Payable (Creditors) 120,000 Rwf
4. **Jan 8**: Bought Furniture of 308,000 Rwf from AA Traders paying half by cheque
- **Debit** Furniture 308,000 Rwf
- **Credit** Bank 154,000 Rwf
- **Credit** Accounts Payable 154,000 Rwf
5. **Jan 11**: Sold goods of 540,000 Rwf, receiving a cheque of 420,000 Rwf and the remaining balance
recorded as A/c Receivables
- **Debit** Bank 420,000 Rwf
- **Debit** Accounts Receivable 120,000 Rwf
- **Credit** Sales Revenue 540,000 Rwf
6. **Jan 19**: Injected additional capital of 400,000 Rwf in cash from personal savings
- **Debit** Cash 400,000 Rwf
- **Credit** Capital 400,000 Rwf
7. **Jan 20**: Received 190,000 Rwf from Accounts Receivables in cash
- **Debit** Cash 190,000 Rwf
- **Credit** Accounts Receivable 190,000 Rwf
8. **Jan 23**: Transferred 200,000 Rwf cash into the business bank account
- **Debit** Bank 200,000 Rwf
- **Credit** Cash 200,000 Rwf
9. **Jan 25**: Paid salaries of 180,000 Rwf in cash
- **Debit** Salaries Expense 180,000 Rwf
- **Credit** Cash 180,000 Rwf
---
### b) **Ledger Accounts**
1. **Cash Account**
| Date | Particulars | Debit | Credit | Balance |
|------------|-------------------|---------|---------|-----------|
| 1st Jan | Opening Balance | 120,000 | | 120,000 |
| 19th Jan | Capital Injection | 400,000 | | 520,000 |
| 20th Jan | Receivables | 190,000 | | 710,000 |
| 23rd Jan | Bank Transfer | | 200,000 | 510,000 |
| 25th Jan | Salaries | | 180,000 | 330,000 |
2. **Bank Account**
| Date | Particulars | Debit | Credit | Balance |
|------------|-------------------|---------|---------|-----------|
| 1st Jan | Opening Balance | 250,000 | | 250,000 |
| 2nd Jan | Rent Expense | | 200,000 | 50,000 |
| 3rd Jan | Cash Sales | 205,000 | | 255,000 |
| 8th Jan | Furniture Purchase | | 154,000 | 101,000 |
| 11th Jan | Sales | 420,000 | | 521,000 |
| 23rd Jan | Cash Transfer | 200,000 | | 721,000 |
3. **Capital Account**
| Date | Particulars | Debit | Credit | Balance |
|------------|-------------------|---------|---------|-----------|
| 1st Jan | Opening Balance | | 1,760,000 | 1,760,000 |
| 19th Jan | Capital Injection | | 400,000 | 2,160,000 |
4. **Accounts Receivable Account**
| Date | Particulars | Debit | Credit | Balance |
|------------|-------------------|---------|---------|-----------|
| 1st Jan | Opening Balance | 320,000 | | 320,000 |
| 11th Jan | Sales | 120,000 | | 440,000 |
| 20th Jan | Cash Received | | 190,000 | 250,000 |
5. **Furniture Account**
| Date | Particulars | Debit | Credit | Balance |
|------------|-------------------|---------|---------|-----------|
| 1st Jan | Opening Balance | 650,000 | | 650,000 |
| 8th Jan | Purchase | 308,000 | | 958,000 |
---
### c) **Trial Balance as at 25th January 2024**
| Account | Debit (Rwf) | Credit (Rwf) |
|------------------------|---------------|--------------|
| Cash | 330,000 | |
| Bank | 721,000 | |
| Capital | | 2,160,000 |
| Accounts Receivable | 250,000 | |
| Furniture | 958,000 | |
| Stock | 420,000 | |
| Rent Expense | 200,000 | |
| Sales Revenue | | 745,000 |
| Accounts Payable | | 274,000 |
| Salaries Expense | 180,000 | |
| | **3,059,000** | **3,059,000** |
This trial balance confirms that the total debits are equal to the total credits, ensuring the books are
balanced.
