7 Transaction for loan and interest.
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Write following transactions in the journal of Pushkar :
2014
Feb 1 Due to additional requirement of Funds, 12 % loan of 20,000 borrowed from
Ram.
3. 8000 lent to Laxman at interest rate of 8 %.
Received cash 800 for loan lent to Bharat and * 200 for interest.
10
* 5000 returned back to Seeta for borrowed loan and paid interest 400
12 Received interest 200, for loan lent to Kaushal.
15 Interest for one month paid for loan obtained from Ram.
18 75 became receivable for interest on loan of Laxman.
8.
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