Question

Feb. 1 Goods purchased 20,000. Freight paid 500.
Feb. 2 Machinery purchased for 30,000. Installation charges paid = 900.
Feb. 3 Goods purchased for 25,000 from Prince. Cartage paid = 300.
Feb. 4 Goods costing = 8,000 sold for 9,500 against cheque.
Feb. 5 Furniture costing = 9,000 sold for 11,000, payment received by demand draft.
Feb. 6 Goods costing 12,000 sold for 15,000. Selling expenses incurred = 500.​

Answer 1

Answer:

eb. 1 Goods purchased 20,000. Freight paid 500.

Feb. 2 Machinery purchased for 30,000. Installation charges paid = 900.

Feb. 3 Goods purchased for 25,000 from Prince. Cartage paid = 300.

Feb. 4 Goods costing = 8,000 sold for 9,500 against cheque.

Feb. 5 Furniture costing = 9,000 sold for 11,000, payment received by demand draft.

Feb. 6 Goods costing 12,000 sold for 15,000. Selling expenses incurre