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Q3. Record the following transaction in Journal 1. Started Business With cash Rs. 2000 2. Paid rent to Arsalan Rs. 1000 3. Paid salary

 

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Q3. Record the following transaction in Journal 1. Started Business With cash Rs. 2000 2. Paid rent to Arsalan Rs. 1000 3. Paid salary to workers Rs. 500 4. Paid Carriage to Javaid Rs. 200 5. Received cash from customers for services Rs. 5000 6. Merchandise used by the owners for domestic use Rs. 500 7. Sold Merchandise to Saleem Rs 5000. Trade discount is 5% Q3. Record the following transaction in Journal, post them into ledger and prepare trial balance i. Started Business With cash Rs. 100000 ii. Purchased furniture for Cash Rs. 5000 iii. iv. Purchased merchandise for cash Rs. 3000 Sold merchandise for cash Rs. 6000 v. Paid salaries for the month 550

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