Question

4. Journalize the following transactions of Mr. Sohan:
2005
Jan. 1 Sohan started business with cash
2. Purchased goods for cash
5
Purchased goods from Mohan on credit
7 Paid into bank
10 Purchased furniture
15 Sold goods for cash
20 Sold goods to Ram on credit
25 Cash sales
26 Paid to Mohan on account
28
30 Paid rent
31 Paid salaries
Solution:
50,000
10,000
6000
5000
2000
7000
5000
3500
3000
100
200
800
Paid wages​

Answer 1

Answer:

March 1, Manohar Lal & Sons started business with cash, 60,000. 2, Purchased furniture for cash, 10,000. 4, Purchased goods for cash ...