ACCOUNTS JOURNAL ENTRIES 2

Business started with (i) Cash 1,50,000 (ii) Goods 50,000

Purchased goods from Harish 30,000

Sold goods for cash 12,000

Purchase furniture for cash 5,000

Cash paid to Harish on account 15,000

Paid sundry expenses 200

Cash sales 15,000

Deposited into bank 5,000

Drew cash for personal use 1,000

Cash paid to Harish in full settlement of account 14,700