Answer to Question #322552 in Accounting for Daud

Question #322552

Record the following transactions in the Journal and post them into ledger and prepare a Trail Balance


Oct 1st : Neel started business with a capital of 80,000


3rd : Bought goods from Karl on credit 20,000


4th : Sold goods to Tarl 25,000


5th : Cash purchases 25,000


7th : Cash sales 15,000


9th : Goods retuned to Karl 2,000


10th : Bought furniture for 15,000


11th : Cash paid to Karl 12,000


12th : Goods returned by Tarl 3,000


14th : Goods taken by Neel for personal use 3,000


15th : Cash received from Tarl 12,000


16th : Took loan from Parl 30,000


17th : Salary paid 5,000


18th : Bought stationery for 1,000


19th : Amount paid to Parl on loan account 18,000


20th : Interest received 4,000




1
Expert's answer
2022-04-06T10:12:27-0400

Journal



ledger



Trail Balance






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