Record the following transactions into the appropriate special journals :
2020
` May, 01 Sold goods for cash 30,000
" 05 Purchased furniture 5,000
" 07 Purchased goods from Binu on credit
4000
" 10 Sold goods to Resmi on credit 10,000
" 15 Cash purchases 15,000 " 20 Commission
received 2,000
" 25 Paid rent 1,000
" 31 Withdrew for personal use 1,000
Answers
Answer:
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Explanation:
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Answer:
Explanation:
CASH A/C DR 30,000
TO SALES A/C 30,000
(CASH SALES)
----------------------------------
FURNITURE A/C DR 5,000
TO CASH A/C 5,000
(FURNITURE PURCHASED)
------------------------------------
PURCHASE A/C DR 4,000
TO BINU A/C 4,000
(PURCHASED GOODS FROM BINU)
-----------------------------------
RESMI A/C DR 10,000
TO SALES A/C 10,000
( CREDIT SALE TO RESMI)
-------------------------------------
PURCHASE A/C DR 15,000
TO CASH A/C 15,000
(CASH PURCHASE)
-------------------------------------
CASH A/C DR 2,000
TO COMMISSION A/C 2000
( RECEIVED COMMISSION)
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RENT A/C DR 1000
TO CASH A/C 1000
(PAID RENT)
----------------------------------
DRAWINGS A/C DR 1000
TO CASH A/C 1000
( WITHDREW CASH FOR PRSNL USE)
-------------------------------------