Question

Genuine accessories are a wholesaler of automobile. Based on the following transaction
Prepare Journal
1. Commenced business with cash
50.000
2. Purchased good for cash
125.000
3. Purchased goods on credit
315.000
4. Bought furniture
74.000
5. Cash paid to creditor's
76,000
6. Paid rent
1.400
7. Received commission
72.000
8. Further capital introduced
710.000
9. Sold good costing < 7000 on credit for 78.500
10. Bank loan received
11. Withdrew for personal use prepare journal​

Answer 1

Explanation:

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