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Question 2 On April 01 2020 Shilongo started business with N$100,000 and other transactions for the month are: 2. Purchase Furniture for Cash N$ 7,000.
Question 2 On April 01 2020 Shilongo started business with N$100,000 and other transactions for the month are: 2. Purchase Furniture for Cash N$ 7,000. 8. Purchase goods for cash N$2,000 and for credit N$1,000 from Furnimate Store. 14. Sold goods to Furnimate N$12,000 and Cash Sales N$5,000. 18. Owner withdrew of worth N$2,000 for personal use. 22. Paid Furnimat Store N$500. 26. Received N$10,000 from Furtnimate Store. 30. Paid salaries expense N$2,000 Required: Prepare journal entries to record the above transactions. Include narratives in your journal entries. [25 marks) General journal entries Date Account Title and explanations Debit Credit
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