Question

In transaction (iii) Prepaid Insurance *2,800.
Q. 25. Journalise the following:
March 4 Purchased building for 1,50,000 and incurred expenses of 10,000 on its purchase,
March 10 Satish who owed us *20,000 is declared insolvent and 60 paise per is received from
March 18 Proprietor withdrew for his personal use cash 5,000 and goods worth 2,000.
March 15 Paid 500 for repairing the office furniture
March 20 Purchased the following items for business :
Iron Safe 15,000; Filing Cabinet 5,000; Computer *12,000; Postage 200 and
March 28 Paid electricity charges 1,600.
by 85,000
2017
his estate.
₹
Stationery 150.​

Answer 1

Answer:

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