Question

6.48
12. Pass journal entries and prepare Machinery Account
2019
March 1 Purchased machinery for cash 35,000.
Installation charges paid 2,500.
March 7 Purchased machinery on credit from Tahira 52,000.
Installation charges paid by cheque 1,000.
March 12 Machinery of the book value of 12,000 sold for 15.000
March 16 Machinery of the book value of 20,000 sold for 17,500.
March 23 Machinery withdrawn for personal use 7,000.
March 30 Depreciate machinery 4,000.

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Answer 1

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