Journal Entry No - 8

Journal Entry Problem No - 8

Date	Particular	Amount
1-Aug	Commenced Business With	55000
2-Aug	Paid into Bank	25000
3-Aug	Withdrew cash from bank for personal use	1200
5-Aug	Paid for postage	250
7-Aug	Paid for Sundry Expenses	140
9-Aug	Withdrew cash from bank for Office use	2500

	Resolution	What we Taking/Receiving/Expenditure	What We Giving/Giver/Income
1-Aug	Commenced Business With	Cash (Received by Business) - Debit	Capital (Given by Owner) - Credit
2-Aug	Paid into Bank	Bank (Received cash) - Debit	Cash (Deposited into Bank) - Credit
3-Aug	Withdrew cash from bank for personal use	Drawing (Used cash for personal use) - Debit Drawings	Cash (taken by owner for personal use) - Credit
5-Aug	Paid for postage	Postage ( Postage paid it a expenses ) - Debit	Cash (credit as we paid pastage amount)
7-Aug	Paid for Sundry Expenses	Sundry Expenses we paid Cash for this service (Sundry Expenses) - Debit	Cash (Paid cash for this service) - Credit
9-Aug	Withdrew cash from bank for Office use	Cash (Received by Business) - Debit	Bank (bank giving cash) - Credit

Date	Particular		L.F	Debit	Credit
1-Aug	Cash A/c			55000
		To Capital A/c			55000
2-Aug	Bank A/c			25000
		To Cash A/c			25000
3-Aug	Drawings A/c			1200
		To Cash A/c			1200
5-Aug	Postage A/c			250
		To Cash A/c			250
6-Aug	Sundry Expenses A/c			140
		To Cash A/c			140
9-Aug	Cash A/c			2500
		To Bank A/c			2500