Question

The following are the transaction of Kumar swami for the month of january 2017. Make journal entries,post the into ledger and balnce the account. January 1 capital into bank 3,00,000 January 1 bought statonery for cash 400 January 2 bought goods for cash 25,000 January3 bought postage stamps 600 January 5 bought goods for cash 10,000 January& boughg officer furniture from mahendra bros. 40,000

Answer 1

Jan 1 bank 300000
to capital 300000
stationary 400
to cash 400
Jan 2 purchase 25000
to cash 25000
Jan 3 postage stamp 600
to cash 600
Jan 5 purchase 10000
to cash 10000
Jan 6 furniture 40000
to Mahendra bros 40000