Question

The following are the transaction of kumarswami for the month of january2017 make journal entries post them in to ledger and balance the account
Jan1 capital paid in to bank 300000
Jan1 bought stationary for cash 400
Jan2 bought goods for cash 25000
Jan3bought postage stamps 600
Jan5 sold goods for cash 10000
Jan6 bought officer furniture from mahendra bros 40000

Answer 1

Bank a/c-------------------Dr 300000
To Capital

Stationary a/c------------Dr 25000
To Cash----------------------------------25000

postage stamp a/c -----------Dr 600
To cash 600

Cash a/c --------------------Dr 10000
To Sale

Furniture A/c---------------Dr 40000
To Mahendra Bros