Question

Journalize the following transactions.​

Answer 1

Answer:

Explanation:

Cash a/c. Dr. 1,00,000

Furniture a/c Dr. 2,00,000

To capital a/c. 3,00,000

Purchases a/c Dr. 5,000

To Cash a/c. 5,000

Cash a/c. Dr. 6,000

To sales a/c. 6000

Rent a/c. Dr. 3,000

To Cash a/c. 3,000

Machinery a/c. Dr. 40,000

to cash a/c 40,000

Loan a/c. Dr. 3,00,000

To Cash a/c. 3,00,000

Cash a/c. Dr.6,000

To sales a/c. 6,000

Bank a/c. Dr. 5,000

To Cash a/c. 5,000

Purchases a/c. Dr. 50,000

To parchanda a/c. 50,000

Parchanda a/c. Dr. 50,000

To Cash a/c. 45,000

To discount received a/c. 5,000

Hope it helps you.