Question

Jan1 business started with cash rs 20,000

jan3 goods purchased for cash rs 10,000
jan7 furniture purchased for cash rs 5,000
jan9 cash paid to supplier rs 3,000
Required: journal entries​

Answer 1

Jan 1 Debit cash account rs 20,000

Credit capital account rs 20,000

Jan 3 Debit goods account rs 10,000

Credit cash account rs10,000

Jan 7 Debit furniture account rs 5,000

Credit cash account rs 5,000

Jan 9 Debit supplier's account rs 3,000

Credit cash account rs 3,000