Question

journalise the fo5 transaction in the books of Dunham 2015 Jan 1 commenced business with cash 10000 buildings valued at 500000 and stock 40000 ,jan2 deposited in bank 75000, Jan 4 sold household furniture for 10000 and invested the money in to business, jan8 withdrawn cash 5000 goods cost 6000(SELLING PRICE 7500)from business for personal use,jan9 paid life insurance premiums 10000 income tax9000and for bicycle for son 5000,jan12 paid rent 6000 by cheque ,half of the building is used for residential purposes of the proprietor, jan 16 charge 10000 interest on capital and provide interest on drawings 500 ,jan20 received refund of income tax 1,200
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