Journal entries
1. Started business with cheque ₹50000
2.Purchased goods from Mr X ₹50000
3.Purchased Furniture ₹20000
4.Paid wages 50000 to MrX, MrY, MrZ
5.Sold goods ₹100000 to Mr Rana
6.Recieved cheque from Mr Rana
7.Recieved Commission ₹20000
8.Paid Rent ₹5000 to Mr. Paul
9 Withdrawn Cash ₹5000
10.Withdrawn Goods ₹20000
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