Financial Accounting

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1. Post the following transactions of a restaurant to prepare the journal
ledger and trial balance.
Jan - 2011 Transaction Amount
5 Started the business with cash 2,50,000
10 Deposited in the bank 50,000
15 Purchased tables and chairs 80,000
20 Purchased Freeze 30,000
22 Purchased goods for cash 50,000
25 Sold food items for cash 60,000
27 Sold food items for credits 70,000
29 Paid salary 55,000
31 Paid rent 40,000
MCSL-036/ S4 3

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