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Journalise the following transactions and post them into ledger account & prepare trial balance . 2020 march 1, started business with cash 150000, machinery

Journalise the following transactions and post them into ledger account & prepare trial balance .  



2020 march 1, started business with cash 150000, machinery worth 200000 and building 350000 .

5, bought goods worth 55000 from  Mishna & co subject to  a Trade discount @10%.

9, charge depreciation @15% on building.

15, charge interest on drawings@5% the drawings  during the years 12000.

20, paid Mishna & co 48000 in full statement of his claim .

28, deposit 5000 into  the bank .

30, 3000 become irrecoverable for Amit , a debtor who become insolvent .

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Journal Entries March 1 Cash Account Debit 150000 Machinery Account Debit 200000 Building Account Debit 350000 Capital Account Credit 700000 Total assets Total owners equity March 5 Purchases Account ... blur-text-image

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