Double-entry bookkeeping 1: debits, credits, T accounts, the trial balance, and the financial statements

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. At 1 January, Farook had £5,000 in his business bank account. During January, £12,000 was received from trade receivables, £8,000 was paid to trade payables, a rent expense of £1,000 was paid, the bank added £200 interest to the account and Farook withdrew £2,000 for his own personal expenses. What is the debit balance on Farook's bank account that will be added to the trial balance at 31 January?

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. At 1 September, Maria had trade payables of £7,200. During September, goods purchased on credit totalled up to £19,400, £2,200 of goods were returned to suppliers and £15,500 was paid out to trade payables. What is the credit balance on Maria's trade payables account that will be added to the trial balance at 30 September?

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. At 1 April 2021, Marnie owed rent of £1,500. During the year to 31 March 2022, she paid rent of £14,000. At 31 March 2022 Marnie had a rent prepayment of £800. What is the debit balance on Marnie's rent account that will be added to the trial balance at 31 March 2022?

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. David is a grocery retailer. At 1 June 2020, David's opening inventory of groceries was £5,200. During the year ended 31 May 2021 David made purchases of goods for resale on credit totalling £92,540. Purchase returns to suppliers for the year were £4,690. The cost of closing inventory at 31 May 2021 was £6,400. What is the debit balance on David's cost of sales account that will be added to the trial balance at 31 May 2021?

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. At 1 July, Yousef had trade receivables of £10,500. During July, credit sales to customers totalled up to £80,300 and sales returns added up to £4,700. There was an irrecoverable debt of £1,200 in the month. £72,800 was received from customers during the month. What is the debit balance on Yousef's trade receivables account that will be added to the trial balance at 31 July?

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. At 1 February, Marco had trade receivables of £15,200. During February, credit sales to customers totalled up to £95,400 and sales returns added up to £3,600. There was an irrecoverable debt of £600 in the month. £89,700 was received from customers in the month. What is the credit balance on Marco's sales account that will be added to the trial balance at 28 February?