Question

Record the following transactions in Journal, post them into Ledger and prepare a Trial Balance :

2017 Mar.
1 Started business with cash 50,000

3 Purchased goods on credit from Krishna 30,000

5 Paid rent for the month

2,000 7 Purchased equipment for cash6,000

8 Paid miscellaneous expenses 800


12 Paid Krishna in full settlement 29,500

18 Sold goods to Dipayan on credit15,000

25 Received from Dipayan in full settlement 14,700

28 Received from cash sales 8,000

30 Received interest on investment 500​

Answer 1

Answer:

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