Question
On behalf of your assumption amount make accounting equation and pass journal entry of all below given transaction in the books of John and also
On behalf of your assumption amount make accounting equation and pass journal entry of all below given transaction in the books of John and also make balance sheet on the basis of the last equation.
1. John start business with investment of cash assume amount yourself and put in equation and pass journal entry.
2. John purchase furniture with cash assume amount yourself and put in equation and pass journal entry.
3. John purchase Goods with cash assume amount yourself and put in equation and pass journal entry.
4. John purchase Equipment on Account assume amount yourself and put in equation and pass journal entry.
5. John receive consulting fees Cash assume amount yourself and put in equation and pass journal entry. Alex, will give the journ.
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