Journal transaction structure and entries

                                   Journal transaction structure and entries

1. Started business with cash $50,000
2. Purchased furniture for cash $5000
3. Purchased goods for cash $12000
4. Purchased goods on credit from Big Traders $30,000
5. Sold goods for cash $10,000.
6. Purchased equipment for business $20,000.
7. Sold goods on credit to John Retailers $16,000.
8. Paid salary to employees $1,200

Required: identify the journal entries

                                  Journal General entries

                                              X,Y,Z

                                        For the month of march 19,2018

Date	Description	Post reference	Debit	credit
1	cash		$50,000
	capital			$50,000
2	Furniture		$5,000
	cash			$5,000
3	Goods		$12,000
	cash			$12,000
4	Goods		$30,000
	Big Traders			$30,000
5	Sale		$10,000
	Cash			$10,000
6	Equipment		$20,000
	Cash			$20,000
7	John retailer		$16,000
	Goods			$16,ooo
8	Salary expense		$1200
	Cash			$1200