Answers
| Transaction | Account tittle | Debit | Credit |
| L | Wages A/C----Dr | 1200 | |
| To Cash A/C | 1200 | ||
| (Being wages paid) | |||
| M | *Accounts payable A/C-----Dr | 1250 | |
| To Cash A/C | 1250 | ||
| (Being cash paid to settle accounts payable) | |||
| N | Maintenance A/C---Dr | 1135 | |
| To Cash A/C | 1135 | ||
| (Being cash paid for maintenance) | |||
| O | Drawings A/C----Dr | 9720 | |
| To Cash A/C | 9720 | ||
| (Being cash withdrawn) | |||
| P | Wages A/C-----Dr | 1500 | |
| To Cash A/C | 1500 | ||
| (Being wages paid) | |||
| Q | Advertisement A/C---Dr | 2600 | |
| To Cash A/C | 2600 | ||
| (Being cash paid for advertisement) |
*Assuming that accounts payable are settled by paying whole amount.
If the amount paid is less than amount due but settled in full,then entry will be
Accounts payable A/C----Dr(Amount due)
To Cash A/C(Amount of cash paid)
To Discount received A/C(Balancing figure)
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