1.

Mr. Jahanzaib inherited Rs.10,550,000 and started the business of a construction machinery distributor on 1 July 2020. The following transactions were entered into during the month of August 2020:i. Bought Machine A for cash (Rs.3,000,000) and Machine B (Rs.2,500,000)ii. Sold Machine C for Rs.4,500,000 cashiii. Received a telephone bill for Rs.100,000 which he paidiv. Sold Machine D for Rs.1,800,000v. Drew Rs.600,000 in cash from the businessvi. Bought a Machine E for Rs.5,600,000 cash vii. Opening inventory on 1 August was Rs.4,000,000 General Entries for this question please.

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