Journalize the following transactions.

Requirement: T-Account, Trial Balance

Dec 5th : Acquired the running business of Noriel, for cash 50, 000 by taking
over the following assets and liabilities at values stated against them:

Stock of Goods 15,000; Cash 25,000; Furniture 10,000; Debtors

7,000; Machinery 8,000 & Creditors 15,000.
6th : Opened a bank account with 5,000
7th : Bought goods worth 6, 000 from JK & Co. & paid half the amount in
cash.
8th : Sold to Cat & Co. goods worth 5,000 and a cheque received for the
due
14th : Sold private car for 4,000 and bought a new one for business with the
proceeds plus 5,000 from office cash.
16th : Bought furniture worth 4,000 of which, those worth 1,000 are for
office use and the balance for stock.
18th : Sold goods to Nori & Co. 8,000 and to Tier & Co. 7,000
19th : Payment made to Creditors 4,500
20th : Cash received from Debtors 5,800
25th : Paid Rent by cheque 2,500
30th : Commission received 3,000