Journalize the following transactions in the books ofXYZ & Company and post them into...

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Accounting

Journalize the following transactions in the books ofXYZ & Company and post them into the ledger accounts andprepare the Trial Balance for the year ending January 31,2005.
Jan 1
Started business with a capital
$ 150,000
5
Bought Furniture on account
4,100
7
Bought goods for cash
875
9
Paid into the Bank
2,500
10
Sold merchandise for cash
270.50
11
Purchased supplies on account
246
12
Wages paid
72.50
15
Purchased equipment paying 20% down payment and the balance anote payable
15,500
17
Paid cash for the supplies purchased on Jan 11^th
200
17
Sold goods on account
4,200
18
Received cash for the goods sold on Jan 17^7h
4,200
25
Paid for Salaries
2,500
31
Paid rent
2,400

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Transcribed Image Text

In: AccountingJournalize the following transactions in the books ofXYZ & Company and post them into the...Journalize the following transactions in the books ofXYZ & Company and post them into the ledger accounts andprepare the Trial Balance for the year ending January 31,2005.Jan 1Started business with a capital$ 150,0005Bought Furniture on account 4,1007Bought goods for cash8759Paid into the Bank2,50010Sold merchandise for cash270.5011Purchased supplies on account24612Wages paid72.5015Purchased equipment paying 20% down payment and the balance anote payable15,50017Paid cash for the supplies purchased on Jan 11th20017Sold goods on account4,20018Received cash for the goods sold on Jan 177h4,20025Paid for Salaries2,50031Paid rent2,400

Jan 1	Started business with a capital	$ 150,000
5	Bought Furniture on account	4,100
7	Bought goods for cash	875
9	Paid into the Bank	2,500
10	Sold merchandise for cash	270.50
11	Purchased supplies on account	246
12	Wages paid	72.50
15	Purchased equipment paying 20% down payment and the balance anote payable	15,500
17	Paid cash for the supplies purchased on Jan 11^th	200
17	Sold goods on account	4,200
18	Received cash for the goods sold on Jan 17^7h	4,200
25	Paid for Salaries	2,500
31	Paid rent	2,400