Accounts Journal entries

Commenced business with cash 1,75,000 & Building 1,00,000

Goods purchased for cash 75,000.

Sold goods to Ramesh 30,000.

Paid wages 500

Sold goods for cash 10,000

Paid for trade expenses 700

Cash received from Ramesh 29,500 Discount allowed 500

Goods purchased for Sudhir 27,000

Cartage paid 1,000

Drew cash for personal use 5,000