Question

On journal :-
(1) Goods were sold on credit amounting to $40,000.
(ii) Paid to creditors $22,000 by cheque.
iii) Goods worth $7,000 were returned to a supplier.
iv) Paid salary $15,000 by cheque.​

Answer 1

Answer:

customer account. dr 40000

To sale account. 40000

creditors account. dr. 22000

ToBank account. 22000

supplier account. dr 7000

To purchase return. 7000

Salary. dr. 15000

To bank account. 15000