Question

19.* You are required to prepare a journal from the following transactions : (1) Charge depreciation of fixtures worth 40,000 @ 10% for 3 months. (ii) Charge interest on capital * 1,500. (iii) Goods worth 2,100 given as charity. (iv) Deposited 8,000 into bank. (v) Goods destroyed by fire * 2,800. (vi) Interest on drawings charged @ 5% when drawings were 9,000. (vii) Paid salary 5,000 to Accountant. (viii) Received rent from sub-tenant 4,500.​

Answer 1

Explanation:

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