Question

Please journalize the table given in the picture. I need to clear my doubts asap.

Answer 1

Answer:

here is ur journal entry

Explanation:

cash ac dr

to capital ac

machinery ac dr

to rohit

( machine is our asset thats y we wrote purchase)

purchase ac dr

to cash ( here we are purchasing goods thats y we wrote purchase)

drawings ac dr

to purchase ac

creditors ac dr

to cash ac

rent ac dr

to cash ac

commission received ac dr

to commision received in advance

cash ac dr 4500

discount allowed ac dr500

to sale5000