Question: Make General journal entries and post them in the respective Ledgers. Also Make Trial Balance JAN 1 Jack commenced business with a capital USD 5000

Make General journal entries and post them in the respective Ledgers. Also Make Trial Balance

JAN 1 Jack commenced business with a capital USD 5000

Jan 2 Purchased Goods for USD 2000

Jan 3 Purchased Goods from Sun Enterprise for USD 1000

Jan 5 Purchased furniture for 800

Jan 7 Sold goods for 1300

Jan 9 Sold goods on credit to starbucks for 320

Jan 15 Paid salaries USD 320

Jan 17 Received commission USD 25

Jan 19 Returned goods to Sun enterprise for 200

Jan 20 Starbucks returned goods for 150

Jan 24 Received cash from Starbucks USD 500

Jan 27 Paid to Sun Enterprise USD 600

Jan 29 Jack withdrew from Business USD 300

Jan 31 Depreciation on furniture USD 80

Jan 31 Borrowed From SAMBA bank USD 500

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