Question

Illustration 14.
Pass Journal entries for the following:
(1) Interest due but not received 4,000.
(i) Salaries due to staff 7 25.000
(iii) Out of the rent paid this year, 2,000 relates to the next year.
(iv) Provide 10% depreciation on furniture costing 5,000.
(u) Goods used in making Furniture (Sale Price 2,000: Cost 1,500).
(vi) Received commission of T 10,000 by cheque, half of which is in advance
(vii) Allow interest on capital 5,000.
(viii) Charge interest on drawings ? 600.
Solution:​

Answer 1

Answer:

17,000 is the final answers at the last