Question

01 Commenced business with an investment of cash Rs. 30,000 and furniture worth Rs. 20,000.

02 Purchased merchandise on account from Neymar for Rs. 25,000 and paid carriage thereon Rs. 500.

04 Purchased equipment for cash Rs. 2,000.

06 Withdrew merchandise worth Rs. 600 and cash Rs. 1,300 for personal use.

08 Cash sales for the day Rs. 800

required
make general journal entries ​

Answer 1

Explanation:

1) cash 30,000

to capital 30,000

purchases 20,000

to furniture 20,000

2) merchandise 25,000

to neymar 25,000

3) carriage thereon 500

to cash 500

4) purchases 2000

to cash 2000

8) cash 800

to sales 800