journalise the following transactions, post them into ledger and prepare a trial balance:
2012
jan 1.Commenced business with cash -5000
jan3.Deposited in Bank- 3000
jan 4. Bought of X, Y & Co Furniture-500
jan.5 Bought of A goods- 1000
jan 6.sold goods to B -600
jan 7.Received cash from B- 190
Allowed him discount- 10
jan 10. B is declared insolvent. A first composition of 25p in a rupee is received
jan 12. Bought of C goods - 1200
jan 13. sold to D goods for cash -500
jan 15.paid A cash.980
Discount allowed-20
janb17.withdrew from bank.1000
jan 19.paid C cash. 1150
discount allowed- 50
jan 22. Received second and final composition of 25p from B .
jan. 25. Bought of F goods for cash- 70
jan 28. Paid for stationery- 50
jan 31 Provide depreciation on furniture at 1% p.m-
jan 31. Interest on Capital at 1/2 % pm
jan 31. Salary due to clerk.150

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