Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Pass the necessary journal entry and post them to ledger accounts 2020 Mr. X commenced business and have furnished the following- Pass the necessary journal

Pass the necessary journal entry and post them to ledger accounts 2020 Mr. Ximage text in transcribed commenced business and have furnished the following-

Pass the necessary journal entry and post them to ledger accounts 2020 - MR X commenced business and have furnished the following- January - 1 Started business with cash 10000 & goods 10000 2-Cash purchases - 15000 3-Sold goods to Alex -25000 on account 4-Deposited into bank-50000 5-Withdrew cash 5000 & goods worth 5000 for personal use 6-Received from Alex through cheque-15000 11 - Received Rent-2000, 12-Received in full settlement from Alex - 10000 In cash. 15- Salaries paid-12000. 20-Paid for stationary-500 Acti

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cornerstones Of Financial Accounting

Authors: Jay Rich, Jefferson Jones, Maryanne Mowen, Don Hansen, Donald Jones, Ralph Tassone

3rd Canadian Edition

017689859X, 9780176898595

More Books

Students also viewed these Accounting questions

Question

Where do attitudes come from? How do they change?

Answered: 1 week ago