Jeyaseeli is a sole proprietor having a provisions store. Following are the transactions during the month of January, 2020. Journalise them. Jan. (Dollars) 1 Commenced business with cash - 80,000 2 Deposited cash with bank - 40,000 3 Purchased goods by paying cash - 5,000 4 Purchased goods from Lipton & Co. on credit - 10,000 5 Sold goods to Joy and received cash - 11,000 6 Paid salaries by cash-5,000 7 Paid Lipton & Co. by cheque for the purchases made on 4th Jan. 8 Bought furniture by cash -4,000 9 Paid electricity charges by cash -1,000 10 Bank paid insurance premium on furniture as per standing instructions - 300

Jeyaseeli is a sole proprietor having a provisions store. Following are the transactions during the month of January, 2020. Journalise them. Jan. (Dollars) 1 Commenced business with cash - 80,000 2 Deposited cash with bank - 40,000 3 Purchased goods by paying cash - 5,000 4 Purchased goods from Lipton & Co. on credit - 10,000 5 Sold goods to Joy and received cash - 11,000 6 Paid salaries by cash-5,000 7 Paid Lipton & Co. by cheque for the purchases made on 4th Jan. 8 Bought furniture by cash -4,000 9 Paid electricity charges by cash -1,000 10 Bank paid insurance premium on furniture as per standing instructions - 300

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Description: Question 2 of 4.eyaseeli is a sole proprietor having a provisions store. Following are the transactions during the month of January, 2020. Journalise them. Jeyaseeli is a sole proprietor having a provisions store. Following are the transactions durin

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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eyaseeli is a sole proprietor having a provisions store. Following are the transactions during the month of January, 2020. Journalise them.

Jeyaseeli is a sole proprietor having a provisions store. Following are the transactions during the
www.
month of January, 2020. Journalise them.
Jan.
(Dollars)
1 Commenced business with cash - 80,000
2 Deposited cash with bank - 40,000
3 Purchased goods by paying cash- 5,000
4 Purchased goods from Lipton & Co. on credit - 10,000
5 Sold goods to Joy and received cash - 11,000
6 Paid salaries by cash-5,000
7 Paid Lipton & Co. by cheque for the purchases made on 4th Jan.
8 Bought furniture by cash -4,000
9 Paid electricity charges by cash -1,000
10 Bank paid insurance premium on furniture as per standing instructions 300
Acti
11: 10
I.I. Z.I. E I. .I.S.I. 9 .I. .I. 8 I. 6. I

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