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ec Name of Transations 1 1 1 Jan: Owner contributes $20 000 in cash to start XYZ Ltd. 2 4 5 Jan: Furniture purchased amounting $10,000 by paying $5,000 3 10 10 Jan: Salaries incurred and paid $5,000. 4 11 15 Jan: Received cash from services provided amounting $7,500. 5 13 20 Jan: Paid accounts payable of $4,000. 6 15 25 Jan: Stationeries purchased on credit amounting $2,500. pass the journal enteries for the above transactions MakeCash ledger , Accounts payable ledger and Trial balance

ec Name of Transations 1 1 1 Jan: Owner contributes $20 000 in cash to start XYZ Ltd. 2 4 5 Jan: Furniture purchased amounting $10,000 by paying $5,000 3 10 10 Jan: Salaries incurred and paid $5,000. 4 11 15 Jan: Received cash from services provided amounting $7,500. 5 13 20 Jan: Paid accounts payable of $4,000. 6 15 25 Jan: Stationeries purchased on credit amounting $2,500. pass the journal enteries for the above transactions MakeCash ledger , Accounts payable ledger and Trial balance

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Dec Name of Transations 1 1 1 Jan: Owner contributes $20 000 in cash to start XYZ Ltd. 2 4 5 Jan: Furniture purchased amounting $10,000 by paying $5,000 3 10 10 Jan: Salaries incurred and paid $5,000. 4 11 15 Jan: Received cash from services provided amounting $7,500. 5 13 20 Jan: Paid accounts payable of $4,000. 6 15 25 Jan: Stationeries purchased on credit amounting $2,500. pass the journal enteries for the above transactions MakeCash ledger , Accounts payable ledger and Trial balance
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