Question

can anybody solve this journal entries???
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Answer 1

Answer:

Cash A/C Dr 25000

Furniture A/C Dr 10000

De... A/C 5000(If it's "deposited cheque", then Bank A/C will be debited.)

To Capital A/C 40000

Bank A/C Dr 5000

To Cash A/C 5000

Purchases A/C Dr 9000

To Cash A/C 9000

Machinery A/C Dr 12750

To J.N. Machinery A/C 12750

Debtor A/C Dr 22000

To Sales A/C 22000

Insurance Claim A/C Dr 1000

Profit & Loss A/C Dr 1000

To Loss by fire A/C 2000

Advertisement Expenses A/C Dr 2000

To Bank A/C 2000

Bank A/C Dr 6000

To Commission Received A/C 6000

J.N. Machinery A/C 12750

To Cash A/C 12500

To Discount Received A/C 250

Drawings A/C Dr 3000

To Cash A/C 3000