Question

2021
Prepare journal, ledger, trial balance
jan 1 - started business with eash $1,00,000 and goods worth $70,000
Jan 2 - purchased goods rs 30,000
Jan 5 - deposited cash to bank rs50,000 Jan 10 - paid salary by cheque rs 10,000 Jan 12 – purchased goods from arun
Jan 15. = cash paid to arun rs 10,000 with a 5000 rs discounted to arun​

Answer 1

Answer:

jan 1 cash ac dr 100000

stock ac dr 70000

to capital ac 170000

Explanation:

maybe the entries are right