Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Journalize the following transactions. to debt and credit Sara starts a business with 21000 in cash, 4000 accounts receivable and 2000 accounts payable. Received electricity
Journalize the following transactions. to debt and credit
-
Sara starts a business with 21000 in cash, 4000 accounts receivable and 2000 accounts payable.
-
Received electricity bill for 200 (not paid)
-
Purchased goods for 5000 on account
-
Goods sold 6000 on account
-
Sold the machine for 3000 in cash
-
Drawing cash 1000 by the owner
-
Sent a bill to one customer for 800 for service provided.
-
Paid 3000 for goods purchased previously
-
Receiving 2000 in cash for the goods sold previously.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started