Question

* From the following transactions identify the accounts involved &
classify them according to modern and traditional approaches of
classification of accounts:
Mr. John started business with cash $25,000
Purchased goods for cash $5,000
Sold
goods for cash $71500
Purchased goods for cash $2,500
Sold goods to Sam on account $3,000
Purchased furniture for $1,000
Purchased machinery
for $5,000
Paid wages $200
Mr. John withdrew $100 from business to pay his personal
expenses.
Assets = Liabilities & Capital
→ Transactions​

Answer 1

Answer:

please mark as brilliant

Explanation:

thanks to my answer