Question

4. Pass necessary Journal entries for the following transactions:
120
5 Paid salaries 320,000, rent 5,000 and wages 6,000 by cheque.
7 Purchased goods from Hari for 30,000 at 10% trade discount and 2% cash discount
Payment was made immediately.
ril 15 Paid to Raju 5,000 in cash and 7,000 by cheque.
til 18 Goods sold to Roma for 5,000 at 20% Trade discount and 3% Cash discount. Half of the
payment was received immediately.
i 20 Goods sold to Ramesh for 8,000. He paid 5,000 by cheque immediately
25 Additional capital introduced as: cash 10,000; and Delivery Van (Personal asset) of 50
126 Cash paid to Anil * 975. Discount received 25.
130 Paid to Raju * 1,000 in cash and 2,000 by cheque,
30 Paid 34,800 to Mohan in settlement of his account for 5,000. answer in table​

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