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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Dec. 22 Withdrawn from bank 3,000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Dec. 31 Withdrawn for personal use 200
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