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Prepare general Journal Entries Q1: On Jan 01, 2022 Mr. Elon has started business named M/s. Space X with capital $100,000,000 other transactions for the
Prepare general Journal Entries
Q1: On Jan 01, 2022 Mr. Elon has started business named M/s. Space X with capital $100,000,000 other transactions for the month are: Jan 1. Purchase Office Building for Cheque $700,000. Jan 2. Purchase Motor Vehicle for Cheque $200,000 Jan 4. Purchase Office Equipment for Cheque \$ 250,000 Jan 5 Purchase Office Furniture for Cash $300,000 Jan 6 Purchase Plant and Machinery for Cheque $900,000 Jan 8 Purchase Merchandise Inventory for Cash $100,000 Jan 8 Purchase Merchandise Inventory for Credit $100,000 from Henen Zee Jan 15. Sold Goods to Alka Ltd for $120,000 and Cash Sales $65,000. Jan 18. Sold Goods to Terra Company for $500,000 and Cash Sales $90,000. Prepare General Journal EntriesStep by Step Solution
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