Question

journalise
Furniture purchased 18,000
machinary sold 27,5000





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Answer 1

Answer:

283000 is the answer

Explanation:

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Answer 2

Answer:

For the journal entry I am assuming the transaction has been made in cash.

the journal entry for the furniture purchased must be

Furniture a/c dr. 18,000

To Cash a/c. 18,000

( Being furniture purchased at 18,000)

This is through the concept that as we are purchasing the furniture our assets will increase against cash, rule of debit what comes in credit what goes out.

the journal entry for the machinery sold must be

Cash a/c dr. 275000

To Machinery a/c 275000

( Being machinery sold at 275000)

Applying the same rule of debit what comes in and credit what goes out.