[smoothy_sweety]

Can someone please help me solve the following question:

Journalize the following transactions in the book of Mr Walter:

a. Paid rent of building $ 12,000 half of the building is used by the proprietor for residential use.

b. Paid fire insurance of the above building in advance $ 1,000.

c. Paid life insurance premium $ 2,000.

d. Paid income tax $ 3,000.

e. Salary due to clerk $ 500.

f. Charge depreciation on furniture @ 10% p.a. For 1 month (furniture $12,000)

g. Provide interest on capital ($ 60,000) at 15% p.a. For 6 months.

h. Charge interest on drawing ($ 10,000) at 18% p.a. For 6 months.

I. Provide interest on loan to Ram ($100,000) at 18% p.a. For 2 months.

j. Charge interest on loan to Shyam ($ 200,000) at 18% p.a. For 2 months.

k. Received commission $1,000 half of which is in advance.

l. Brokerage due to us $500.

Thanks a lot.

[Just Looking]

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