Question

ournalise the following transactions (a) Paid rent ™500 and salaries ™500.(b) Bought goods from Vipul worth ™2,000 and paid half the amount in cash.(c) Cash ™10,000 and goods worth ™6,000 invested in business.(d) Proprietor withdrew for private use, cash ™500 and goods ™100.(e) Purchased machinery worth ™5,000 and furniture worth ™1,000 from Rainbow Ltd.​

Answer 1

Explanation:

You get all the answers in this image.

Answer 2

Rent a/c. Dr. 500
Salaries a/c dr. 500
To cash a/c. 1000

Purchases a/c. Dr. 2000
To cash a/c 1000
To creditors a/c 1000

Cash a/c dr. 10000
Stock a/c. Dr. 6000
To capital a/c 16000

Drawings dr. 600
To cash a/c 500
To purchases a/c 100

Machinery Ac dr. 5000
Furniture ac dr. 1000
To Rainbow Ltd.