Question

7. Journalise the following transacions:
Jan. 1. Commenced business with a capital of 80.000
Jan. 2. Cash used at home < 2.000.-
Jan. 5. Paid for office expenses in cash 2.000.
Jan. 6. Old fumiture sold for cash 3,000.
Jan. 10. Paid municipal taxes in cash 500.
Jan. 12. Received interest on investment 1.500 by cheque.
Jan. 14. Drew for personal use from bank € 1.500
Jan. 20. Goods returned to Ram 2,000.
Jan. 27. Goods sold to Raju on credit 2,500,
Jan. 30. Received an incoice of goods from Bablu for 5.000​

Answer 1

Answer:

cash account debit

to capital account