Illustration 9 Journalize the following transactions 2000 April 1 Mark started business with $30,000 2 Opened bank account $12,000 3 Purchased furniture $2,000 4 Purchased goods $10,000 5 Withdrawn from bank for Office $6,000 9 Cash purchase from ketz $8,000 10 Cash sales to Elger $6,000 11 Purchased goods paid by cheque $3,000 12 Cash paid to bank $2,000 14 Cash withdrawn for personal purpose of proprietor $ 500 15 Withdraw from bank for personal purpose $1000 16 Goods withdrawn for personal purpose $500 17 Goods purchased on credit from Peter $ 3.000 18 Goods sold on credit to Martin $4,000 19 Cheque issued to Peter $1,500 20 Goods returned to Peter $200 22 Cheque received from Martin $ 2,000 23 Goods returned by Martin $300 24 Paid salary $4000 25 Paid rent by cheque $2000 27 Received commission $2000 28 Paid into bank $250 29 Sold goods and received Cheque $ 500 30 Withdrawn from bank $1000 30 Bank charges for the month $60 30 Personal drawings in goods $500 30 Paid commission to sales man $ 500 30 Cheque of Martin dishonored $2,000 Solution