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4. Journalise the below transactions. a) Opened a bank account and deposited $ 10,000. b) Purchased goods for $ 7,500 from XYZ Co. by issuing
4. Journalise the below transactions.
a) Opened a bank account and deposited $ 10,000.
b) Purchased goods for $ 7,500 from XYZ Co. by issuing a daily check for $ 2,500.
c) Sold goods for $ 12,000 to ABC Co. by receiving a promissory note for $ 8,000.
d) Received a maturity check from ABC Co. for the rest of receivables.
e) Endorsed the check to XYZ Co.
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