Provide the journal entries for the following along with detailed narration in the books Tristar...
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Accounting
Provide the journal entries for the following along with detailed narration in the books Tristar Industries Ltd.
05 January 2023Commenced business by issuing equity capital worth 25 lakhs. This amount was transferred to the current account of the business.07 January 2023Purchased goods worth 150000 on credit from Ms. Greenest Co.11 January 2023Sold goods to Ashray Co. for 575000 on credit.13 January 2023Purchased Machinary worth 725000 from ICK and cheque was issued to them for the full payment.20 January 2023Purchased shares of ALZ Ltd. for 345000 for long term investment.29 January 2023Paid salaries 125000 and rent 35500 from the bank account of business
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