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Prepare a journal in the books of ABC Company from the following transactions: 2017 $ Dec.1 Started a business with a capital of 50,000 Dec.

Prepare a journal in the books of ABC Company from the following transactions:

2017 $

Dec.1 Started a business with a capital of 50,000

Dec. 6 Paid in to bank 20,000

Dec. 8 Purchased goods for cash 4,000

Dec. 9 Paid to Bob 2,000

Dec. 10 Cash Sales 3,000

Dec. 12 Sold goods to Tom for Cash 2,000

Dec.15 Purchased goods from Vicky 4,000

Dec. 18 Paid Salary to Employees 300

Dec. 20 Received from Sam 1,000

Dec. 22 Withdrawn from bank 3,000

Dec. 25 Paid Harry by cheque 200

Dec. 31 Withdrawn for personal use 200

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