3. Record the following transactions in the Journal of Amitabh:2020May1 Amitabh started business with cashMay2 Purchased furniture from Modern Furnishers for cashMay 5 Deposited in bank ................May6 Purchased goods for cash ..........May 8 Purchased goods on credit from HariMay 10 Purchased goods from Suresh for cashMay 12 Purchased goods from Ajay .............May 14 Sold goods for cashMay 15 Sold goods to Karim ...........May 16 Sold goods to Ganesh for cashMay 18 Sold goods to Bansi ........May 19 Withdrew from bank for office use20 Karim paid on account .........May 29 Paid rent for residence .....May 30 Purchased a cycle for his sonMay 30 Paid to Ajay in settlement of his account80,00010,00030.0005,0004,5003,0004,0007.0006,5005,0003,5005,0005,0006,0003,0003,800MayCompound Journal Entries
Answers
Answer:
May 1. cash a/c dr.
to capital a/c
May 2. furniture a/c dr.
to cash a/c
May 5. bank account dr.
to cash account
May 6. purchases account dr.
to cash account
May 8. purchases account dr.
to hari
May 10. purchases account dr.
to cash account
May 12. purchases account dr.
to ajay
May 14. cash account dr.
to sales account
May 15. karim's account dr
to sales account
May 16. cash account dr.
to sales account
May 18 bansi's account dr
to sales account
May 20. bank account dr.
to karim
May 29. rent account dr.
to drawings account
if u seriously want someone to ans ur .ques....plz write ques properly