Journalize the following transactions:
Dec 1 Business started with cash 75,000
Dec 7 Purchased goods for cash 10,000
Dec 9 sold goods to Swati 5,000
Dec 12 purchased furniture 3,000
Dec 18 Cash received from Swati in full settlement 4,000
Dec 25 paid rent 1000
Dec 30 paid salary 1500
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Answer:
1)Cash a/c. Dr. 75000
To Capital a/c 75000
2)Purchases a/c Dr. 10000
To Cash a/c. 10000
3)Swati a/c Dr 5000
To Sales a/c 5000
4)Purchases a/c Dr. 3000
To furniture a/c 3000
5)Cash a/c. Dr. 4000
To Swati a/c 4000
6)Rent a/c Dr. 1000
To Cash a/c 1000
7)Salary a/c. Dr. 1500
To Cash a/c 1500
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