Question

On April 01, 2016 Anees started business with Rs. 100,000 and other transactions for the month are:
2. Purchase Furniture for Cash Rs. 7,000.
8. Purchase Goods for Cash Rs. 2,000 and for Credit Rs. 1,000 from Khalid Retail Store.
14. Sold Goods to Khan Brothers Rs. 12,000 and Cash Sales Rs. 5,000.
18. Owner withdrew of worth Rs. 2,000 for personal use.
22. Paid Khalid Retail Store Rs. 500.
26. Received Rs. 10,000 from Khan Brothers.
30. Paid Salaries Expense Rs. 2,000
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Answer 1

Answer:

hope it helps you a lot!

Answer 2

         Journal Entries

1 April 2016

Cash A/C DR 1,00,000

                 To Capital A/C 1,00,000

( Being business started with cash )

2 April 2016

Furniture A/C DR 7,000

                To Cash A/C 7,000

( Being furniture purchased for cash )

8 April 2016

Purchase A/C DR 3,000

                 To Cash A/C 2,000

                  To Khalid A/C 1,000

( Being goods purchased on credit and cash )

14 April 2016

Cash A/C DR 5,000

Khan Brothers A/C DR 12,000

                  To Sales A/C 17,000

( Being goods sold on cash and credit )

18 April 2016

Drawing A/C DR 2,000

                To Cash A/C 2,000

( Being cash withdrawn from business for personal use )

22 April 2016

Khalid Retail Store A/C DR 500

                To Cash A/C 500

( Being cash paid to Khalid retail store )

26 April 2016

Cash A/C DR 10,000

                  To Khan Brothers A/C 10,000

( Being cash recieved from khan brothers )

30 April 2016

Salaries A/C DR 2,000

          To Cash A/C 2,000

( Being salary paid )