Question
The following transactions were taken from the books of Karachi Traders for the month of Jan. 2019. Jan o1 Mr. Hussain invest cash into business
The following transactions were taken from the books of Karachi Traders for the month of Jan. 2019.
Jan o1 Mr. Hussain invest cash into business Rs 40,000.
Jan 03 purchase merchandise for cash Rs 10,000.
Jan 06 purchase office furniture for cash Rs 15000.
Jan 09 purchase merchandise on account for Rs 25000.
Jan 12 purchase office equipment on account for Rs 30,000.
Jan 16 sold merchandise for cash Rs 30000.
Jan 20 sold merchandise on account for Rs 40,000.
Required:
1.Record all of the above transactions in general journal.
2.Prepare T. Account Form.
3.Prepare Trail Balance at the end of January.
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