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What is the journal of this : January, 2017, Marry started business other transactions for the month as follows. 1. She started business with capital
What is the journal of this : January, 2017, Marry started business other transactions for the month as follows. 1. She started business with capital of USD 75,000 and Land worth USD 10,000 2. Purchased from Taylor goods of list price of USD 6,000 by cash 04. Sold goods to John USD 800 and cash sales of USD 200. Cost of goods is USD 600. 12. Received discount USD 20 and Commission USD 50 from Taylor. 17-Goods returned by John USD 200. 18-Loan taken from X Bank Ltd. of USD 25,000. USD 20,000 is withdrawn for business an remaining is in the bank account. 19-Purchased office furniture and paid for it by cheque 15,000. 20-Purchase Goods for Cash USD 2,000 and for Credit USD 1,000 from AB Retail Store 25. pays USD 500 to AB Retail Store. 30 -Paid rent for the month USD. 4,400
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