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Make journal entries of the transactions

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Question - Make journal entries of the following transactions.

(a) Mr. Nazim started business with $ 80,000 (bank) & furniture $ 10,000.

(b) He purchased van for $ 5,000 paying by cheque.

(c) He purchased fixtures for office $ 1,000 paying by cheque.

(d) He paid advance rent $ 4,000 from the business bank account.

(e) He has received telephone bill $100 but not paid yet.

Reference no: EM132612259

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