Question

22. Journalise the following transactions, post them into Ledger and prepare a Trial Balance.
2016
September Started business with 50,000, paid into Bank * 20.000.
2 Bought furniture for? 5.000 and Machinery for? 10.000.
3 Purchased goods for? 14,000.
6 Sold goods for 8.000.
8. Purhased goods from Malhotra & Co. 11.000.
10 Paid telephone rent for the year by cheque 500.
11 Bought one typewriter for 2,100 from Universal Typewriter Co. on credit.
15 Sold goods to Keshav Ram for? 12.000.
17 Sold goods to Rajesh Kumar for 2 000 for cash.
19 Amouat withdrawn from bank for personal use 1,500.
20 Withdrew from bank for business use 3.500.
21 Received cash from Keshav Ram 11,900, discount allowed, * 100.
22 Paid into bank 35,800.
23 Bought 50 shares in XY and Co. Ltd. at 760 per share, brokerage paid 7 20.
25 Goods worth 1,000 found defective were returned to Malhotra & Co. and the balance
of the amount due to them was settled by issuing a cheque in their favour.
28 Sold 20 shares of XY and Co. Ltd. at 365 per share, brokerage paid20.
28 Bought goods worth 72,100 from Ramesh and supplied them to Suresh at 3.000.
30 Suresh returned goods worth * 100, which in turn were sent to Ramesh.
30 Issued a cheque for 1,000 in favour of the landlord for rent for September.
30 Paid salaries to staff * 1,500 and received from travelling salesman 2,000 for goods
sold by him, after deducting his travelling expenses 100.
30 Paid for: Charity
7101
Stationery
450
Postage
* 249​

Answer 1

Answer:

*cash account dr

to capital account

*furniture account dr

machine account dr

to cash account