A company's (Company XX) balance sheet account had the following balances on September 1, 2018, the beginning of a fiscal year. You are required to prepare the journal entries for the transactions carried out for the month of September.

Using the transactions given in (refer to Company XX), you are required to post the journal entries to respective ledger account?

XX company Balance Sheet Accounts. September 1, 2010 Cash Rs 2,500 Accounts receivable 25,200 Merchandise inventory 22,000 Prepaid rent 45000 Store equipment 21,000 Accumulated depreciation, store equipment Rs 5,250 Accounts payable 45,000 Paid-in capital 30,000 Retained earnings 40,050 Summarized transactions for September 1were 1. Acquisitions of merchandise irueentorpr on account Rs40,000 2. Sales for cash 35,250 3. Payment to suppliers 20,000 (furtherto transaction {al} 4. Sales on account 33,000 5. Advertising in newspapers. paid in cash, 3000 0. Cost of goods sold 40,000 2. Collections on account 33,150 0. Miscellaneous expenses paid in cash 0.000 0. Wages paid in cash 0.000 10. Recognize rent expenses 2000 11. Depreciation of store equipment, 250