Question

Journalise the following transactions, post them into Ledger
2017
Jan. 1 Started business with cash investment of
3 Purchased furniture in cash
8 Opened bank account with UCO Bank
9 Sold goods and received a cheque
12 Purchased goods by cheque
15 Cash sales
16 Paid rent
18 Paid electricity charges by cheque
20 Drew cash from bank for personal use
22 Salaries paid to staff in cash
26 Received interest from ba​

Answer 1

Explanation:

capital a/c dr

To cash a/c

furniture a/c dr

To cash a/c

bank a/c dr

To sales a/c

purchase a/c dr

To bank account

cash a/c dr

To sales a/c

rent a/c dr

To cash a/c

electricity charges a/c dr

To bank a/c

cash a/c dr

To drawings a/c

salaries a/c dr

To cash a/c

bank a/c dr

to interest a/c