Question

Journalise the following transactions, post them in the ledger and prepare trial
balance.
2000
Jan1 Murugan commenced business with a capital of Rs.80,000
2 Purchased goods for Rs.24,000
3 Bought furniture for Rs.20,000
5 Sold goods for Rs.18,000
7 Sold goods to Kumar on credit for Rs.15,000
8 Purchased goods from David on credit for Rs.6,000
15 Cash received from Kumar Rs.14,950,allowed him discount Rs.50
18 Paid cash to David Rs.2,000
22 Drawn for personal use Rs.3,000
25 Opened a bank account by depositing Rs.11,000
26 Cash sales Rs.5,000
31 Rent paid Rs.2,000;Salary paid Rs.3,500

Answer 1

see the photo fir the reference above

Answer 2

Explanation:

ledger account and trial balance