Question

A merchant started business with $10,000 journalise the transaction

Answer 1

Answer:

cash A/C Dr.

To merchant capital a/c

Answer 2

Journal entry

Explanation:

                                  Books of (----Limited)

                                      Journal Entry

Date         Account Title and Explanation       Debit     Credit

               Cash / Bank                    A/c Dr.      $10,000

                To Capital                            A/c                        $10,000

                  (Being business started with cash or bank)

Note:  Cash comes to business so, cash account will be debit and the capital account will be credit.

Learn more:

https://brainly.in/question/1586808

#learnwithbrainly