Question

AsCertain opening journal entry with the following information
1. Cash in hand. 50,000
2. Building. 60,000
3.furniture. 40,000
4. Creditors. 30,000
5. Debtors. 50,000
6. Closing stock. 70,000
7. Bank loan. 35,000
8. Bills payable. 15,000

Answer 1

Answer:

Cash account. dr 50000

Building. account dr 60000

furniture account. dr. 40000

Debtors account. dr. 50000

stock account. dt. 70000

To bank loan account 35000

To bills payable account 15000

To creditors account. 30000

To capital account. 190000