Question

5,0007. Pass the necessary Journal entries for the following transactions:2020April 1 Deposited in bank for opening a Current AccountApril2 Withdrawn from bank ............April 5 Received a cheque from Ramesh to whom goods were sold for? 12,000 last yearAllowed him 1% discount on paymentApril 7 Ramesh's cheque deposited in bankApril 9 Ramesh's cheque dishonoured (bank charges 20)April 20 Ramesh settled his account by issuing cheque including 60 for interestApril 21 Cash directly deposited by Raja (Customer) in bank accountApril 23 Bank draft got issued in favour of M/s Lal & Sons 5,000. Bank charges 700April 28 A bill of exchange of 4,000 (due after one month) discounted from bank for 3,800April 30 | Bank charges debited by bank...April 30 Goods sold for cash 7,000 and half of the sale proceeds deposited in bank12,080​

Answer 1

Answer:

1 bank account. Dr

to cash account

5 cash account. Dr

to bank account

7. bank account. Dr

to Ramesh account