journalize the following transactions
2020 Jan 1 business started with cash RS 25,000
Jan 3 opened bank account with SBI RS 5,000
Jan 5 bought goods from Sathish on credit RS 7,000
Jan 7 returned goods to Sathish RS 500
Jan 8 issued cheque in favour of Sathish RS 4,000
Jan 10 gave charity Rs 500
Jan 15 paid electricity bill RS 750
Jan 18 bought office furniture RS 3000
Jan 20 drew cash from Bank for personal use RS 200
Jan 22 bought postage stamps RS 100
Jan 25 drew goods for personal use RS 1000
Jan 28 commission received in advance RS 400
Answers
Answered by
21
Answer:
Jan 1. Cash Dr
To Capital Cr
3. SBI... Dr
To cash Cr
5 Purchase Dr
To Sathish Cr
7 Sathish Dr
To purchase Return Cr
8 Bills Payable Dr
To Bank Cr
10. Charity Dr
To purchase Cr
15. Electricity Exp. Dr
To Cash /Bank Cr
18. Furniture Dr
To Cash/ Bank Cr
20. Drawing Dr
To Bank Cr
22. Postage stamp Dr
To Cash /Bank Cr
25. Drawing Dr
To purchase Cr
28. Cash Dr
To Commission Received in Advance Cr
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