Question

a) Journalize the following transactions - (6)
Date Particulars
January 1, 2020 Paid Rs. 7,500 salary to the office manager from personal cash
March 1, 2020 Office manager absconded with Cash Rs. 2000
May 1, 2020 Collected bad debt from Kumar whose account was earlier written off
as bad debt Rs. 3000
June 1, 2020 Insurance premium paid for next year Rs. 3000
June 12, 2020 Dividend income due for the current year Rs. 1000
June 15, 2020 Sold goods worth Rs. 10000 for Rs. 9000

Answer 1

journalize the following transaction 2016 May 2 paid salaries 'rs 3000 wages rs 2000 nd rent rs 1000 May 5 bought goods from naveen for rs 20,000 of which goods worth rs 12,000 was on credit May 9 sold goods of the list price rs 10,000 to Raman at 10% trade discount and 2% cash discount .Raman agreed to make prompt payment May 13 withdrew cash rs 4000 from bank for office use and rs 2,000 for personal use May 17 paid rs 11,200 to naveen and received discount rs popMay 22 received interst rs 200 and commission rs 500