Q.1 Write the journal entries, by identify the debit and credit Q.

Q.2 Write the journal entries, by identify the debit and credit
entry of the following transactions. entry of the following transactions.

1 Started business putting $25 000 into a business bank account. 1 Started business with $15, 000 in the bank.

2 Bought equipment on paying by cheque $12 000. 2 Bought office furniture by cheque $1,200.

3 Withdrew $150 cash from the bank account and placed it in the cash
box. 3 Bought machinery $1,400 on credit from Trees Ltd.

4 Bought office machinery $18 000 on credit from Jones.

4 Bought a van paying by cheque $6,010.
5 Sold some equipment $ 1 100 for cash.
5 Sold some of the office furniture for $150 on credit to Twig &
6 J Rose, a debtor pays the firm the amount $1 100 by cheque. Sons.
6 Paid the amount owing to Trees Ltd $1,400 by cheque.
7 The proprietor puts a further $4 000 into the business by cheque.

8 Repaid part of a loan from Sam $1000 by cheque. 7 Received the amount due from Twig & Sons $150 in cash.

9 Bought extra fittings costing $500 by cash. 8 Bought more machinery by cheque $650.

10 Took $250 from the cash till and put it into the bank account. 9 Bought fixtures & fittings costing $1,500 by cash.

11 Returned some of the office machinery $2000 to Jones.

10 Took $1,300 out of the bank and added to cash.
12 A loan of $4000 in cash is received from Colin.
11 Bella lent us $7,500 giving the money by cheque.
13 The owner paid a trade payable, khan $1200 from his private
money.
12 The owner took $3,000 from the business bank account for
personal use.