Question

0. 8. Pass Journal entries in the books of Raghunath Bros. from the following
June 1 Raghunath Bros, started business with cash 80,000; Goods 40,000 and
June 2 Sold goods to Nandlal of the list price of 20,000 at trade discount of 10%.
June 10 Purchased goods from Brij Mohan of the list price of 10,000 at 15% trade discount.


June 13 Returned goods to Brij Mohan of the list price of 1,000,
June 16 Settled the account of Brij Mohan by paying cash, under a discount of 4%
June 18 Purchased goods from Anil 5,000; Sunil 10,000.
June 19 Paid cash to Anil 1,900 and discount received 100.
June 20 Paid 9,800 to Sunil in full settlement of his account.
June 20 Bought a 'Table Fan' for 98,000 for the domestic use of Raghunath.
June 25 Sold goods for cash of the list price of 8,000 at 10% trade discount and 3% cash
June 30 Paid Rent 8,000; Trade Expenses 7,000 and Travelling Expenses 3,800.
[Ans. Total 2,54,000.)
discount.​

Answer 1

Explanation:

i can only solve 4 transactions. i hope this helps u.