Jayeseeli is a sole proprietor having a provisions store. Following are the transactions during the month of january, 2018 journalise them.Jun1. Commenced buissness with cash - 80,0002. Deposited cash with bank - 40,0003. Purchased goods by paying cash - 5,0004. Purchased goods from Lipton&co . on credit - 10,0005. Sold gods to joy and received cash - 11,0006. Paid salaries by cash - 5,0007. Paid Lipton&co. by cheque for the purchases made on 4th Jan8. Brought furniture by cash - 4,0009. Paid electricity charges by cash - 1,00010. Bank paid insurance premium as per standing instructions ​

1. Transaction : Jayaseeli commenced buissness with cash 80,000

Analysis: This is cash transaction as cash is involved

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2. Transaction : Deposited cash into bank 40,000

Analysis: This is a cash transaction as cash is involved

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3. Transaction : Purchases goods by paying cash 5,000

Analysis: This is a cash transaction as cash is involved

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4.Transaction : Purchased goods from Lipton&Co on credit 10,000

Analysis: This is a credit transaction

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5. Transaction : Sold goods to joy and recieved cash 11,000

Analysis: This is a cash transaction as cash is involved

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6. Transaction: Paid salaries by cash 5,000

Analysis: This is a cash transaction as cash is involved

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7. Transaction: Paid Lipton&Co by cheque for the purchases made on 4th jan

Analysis: This is a bank transaction as bank is involved

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8.Transaction: Brought furniture by cash 4,000

Analysis: This is a cash transaction as cash is involved

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9. Transaction: Paid electricity charges by cash 1,000

Analysis: This is a cash transaction as cash is involved

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10. Transaction: Bank paid insurance premium as per standing instructions

Analysis: This is a bank transaction as bank is involved

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