Journalise the following transactions and post them into ledger account & prepare trial balance . 2020
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2020 march 1, started business with cash 150000, machinery worth 200000 and building 350000 .
5, bought goods worth 55000 from Mishna & co subject to a Trade discount @10%.
9, charge depreciation @15% on building.
15, charge interest on drawings@5% the drawings during the years 12000.
20, paid Mishna & co 48000 in full statement of his claim .
28, deposit 5000 into the bank .
30, 3000 become irrecoverable for Amit , a debtor who become insolvent .
Related Book For
Fundamental Accounting Principles
ISBN: 978-0071051507
Volume I, 14th Canadian Edition
Authors: Larson Kermit, Tilly Jensen
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