Question

furniture costing 15000 sold for 18000 brokerage on sale 1000...journal entry​

Answer 1

Answer:

1. cash a/c dr 18000

to furniture a/c 15000

to p/l a/c. 3000

2. brokerage a/c dr. 1000

to cash. a/c. 1000

Answer 2

Explanation:

A business vehicle costing 35000 was sold for 30000 selling commission paid 900