Question

Hi Friends, please help me out i have been trying to do this but answer is still incorrect.
Question: Prepare a statement of profit and loss for iBeauty Salon for as at 31st/10/2017

1. Capital of $120,000
2. Paid rent for the month October $12,800
3. Purchased Beauty supplies for the year $20,000 for cash
4. Bought chairs and coffee table on credit from Wellness Supplies %48,000
8. Paid salaries $2,000
15. Banked Takings from first full week of operation $3,300
15. Paid Salaries $2000
18. Bought new lights for $2800 and paid cash
22. Banked takings $5000
22. Paid salaries $3000
24. Withdrew cash for personal use $6000
27. Banked Takings $4700
31. Paid Monthly Power and Gas $1680

Answer 1

Answer:

cash dr 120000

capital cr 12000

rent dr 12800

cash cr12800

bank charge dr 3300

bank cr 3300

salary dr2000

cash cr 2000

bank charge dr 5000

bank cr 5000

drawing dr 6000

bank cr 6000

bank charge dr4700

bank cr 4700

gas charge dr 1680

cash cr1680