Question

Brindaban Adhikari had the following transactions during the month of July, 2017
(a) Started business with a cash investment of 12000 and office equipment worth 4000
(b) Purchased goods for resale 5,000 on credit from D. Bros.
(c) Purchased office stationery for cash 750.
(d) Paid 500 as salary to his staff.
(e) Bought a typewriter for 1,200 on credit from Gupta Agencies.
(F) Paid electric bill for 210.
(g) Paid rent for the month 400.
(h) Sold goods on credit to Sharma 4,800.
(i) Withdrew 800 from the business for personal use.
0 Received 1,500 from Sharma on account.
(j) Paid 400 to Gupta Agencies.
Show Journal entries to record these transactions, post them to Ledger Accounts and
prepare a Trial Balance.​

Answer 1

Answer:

a)started business with a cash investment of 12000 and office equipment worth 4000.

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