Question

plz solve this journal entry on a page plz.....no spam....reply only if u know the answer ​

Answer 1

Answer:

Explanation:

a)Interest Receivable Account .......Dr   10000

To Interest Account                                      10000

b) Salaries Expense..........................Dr  50000

To Salaries Payable                                         50000

c) Prepaid Rent Account ...............Dr  5000

To Cash Account                                           5000

d) Depreciation Account ................Dr 10000

To Furniture Account                                    10000

(10% of 100000)

e) Furniture Account.........................Dr 4000

To Material Used/Purchase A/c                     4000

f) Cash Account.................................Dr 20000

To Commission Account                               10000

To Advanced Commission Received            10000

g) Interest Account.........................Dr  8000

To Capital Account                                     8000

h) Drawings Account.....................Dr 1500

To Interest on Drawings                           1500