Journalize the following transactions. to debt and credit Sara starts a business with 21000 in cash, 4000
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Question:
Journalize the following transactions. to debt and credit
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Sara starts a business with 21000 in cash, 4000 accounts receivable and 2000 accounts payable.
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Received electricity bill for 200 (not paid)
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Purchased goods for 5000 on account
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Goods sold 6000 on account
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Sold the machine for 3000 in cash
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Drawing cash 1000 by the owner
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Sent a bill to one customer for 800 for service provided.
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Paid 3000 for goods purchased previously
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Receiving 2000 in cash for the goods sold previously.
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