Question

journalize the following transaction: Jan1 Started business with cash 5,00,000 ; Jan 2 Sales 30,000; Jan4 Purchases 40,000; Jan6 Sold goods to Mahesh 35,000; Jan9 Bought goods from Radhika 25,000; Jan11 Sold goods to Swathi to cash 10,000​

Answer 1

Answer:

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Explanation:

Jan 1

Cash A/c Dr.            500000

     To Capital A/c   500000

Jan 2

Cash A/c Dr        30000

    To Sales A/c  30000

Jan 4

Purchases A/c Dr.  40000

  To Cash A/c         40000

Jan 6

Mahesh A/c Dr.   35000

   To Sales A/c    35000

Jan 9

Purchase A/c Dr.   25000

     To Radhika A/c 25000

Jan 11

Cash A/c Dr.           10000

      To Sales A/c    10000