Mr robert commenced business on 1st january 2011 with a capital of 100,000 in cash on the same date he opened the bank account in ADCB and deposited 20,000 During the month of January 2011 the following transactions took place?
Jan1 Bought good for cash 70,000
Sold goods to steve co 38,000
Sold goods for cash 9,000
Steve co. paid by cheque 35,000
Stationery bill pais by cheque 2000
Telephone bill by cash 500
Paid rent by cash 2,000
Paid salaries by cash 3,000
Withdrew cash personal use 5,000
(Need cashbook/bankbook entries please )
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