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Q1 Make the analysis of the following transactions and record them in various accounts by applying the rules of debit and credit. March 01,

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Q1 Make the analysis of the following transactions and record them in various accounts by applying the rules of debit and credit. March 01, 2016: Invested $ 100,000 cash, Building $ 75,000 and furniture $ 25,000. || 04, 2016: Purchased goods for cash $ 44,000, subject to trade discount @ 10%. || 07, 2016: Purchased goods from Wilson & Sons for $5,000. 11 11 || 12, 2016: Sold goods on account to Christ $ 8,000. 15, 2016: Received cash from Christ $ 7,800, discount allowed $ 200. 16, 2016: Paid Wilson & sons against account $ 4,750, discount received $ 250. || 18, 2016: Goods taken away by the owner $ 350. || 21, 2016: Paid salaries $ 1000, Rent $ 600, and repairing charges $ 400. 11 30, 2016: Received commission $ 1200. 31, 2016: Goods distributed as free samples $ 1000.

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