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Journalize the following transactions toke place in September: Post to ledger book. Prepare the trial balance. Transactions: Started business with cash AED 400,000. Deposited AED

  1. Journalize the following transactions toke place in September:
  2. Post to ledger book.
  3. Prepare the trial balance.

Transactions:

  1. Started business with cash AED 400,000.
  2. Deposited AED 50,000 in a bank.
  3. Purchased goods on credit from Mr. John for AED 20,000
  4. Purchased goods for cash AED 10,000
  5. Borrowed cash (loan) AED 20,000 from Mr. Y
  6. Paid Creditor Mr. John by cheque AED 10,000.
  7. Paid loan to Mr. Y AED 7,000
  8. Cash paid as salaries of employees AED 50,000.
  9. Furniture purchased for AED 25,000 paid cash
  10. Withdrawn AED 12,000 cash from business for personal use.
  11. Sold goods costing AED 7,000 to Mr. K for AED 12,000 on credit
  12. Bought land for AED 80,000.
  13. Received AED 7,000 from Mr. K by cheque
  14. Withdrawn AED 10,000 from bank for personal use.
  15. Paid: wages, AED 2,125; rent, AED 800 and miscellaneous, AED 275.

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