Question

April
Compound Journal Entries
4. Pass necessary Journal entries for the following transactions:
2020
April
5 Paid salaries 20,000, rent 35,000 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.
April 15 Paid to Raju 5,000 in cash and 7,000 by cheque.
April 18 Goods sold to Roma for 5,000 at 20% Trade discount and 3% Cash discount. Half of the
payment was received immediately.
April 20 Goods sold to Ramesh for 8,000. He paid 5,000 by cheque immediately,
April 25 Additional capital introduced as: cash 10,000; and Delivery Van (Personal asset) of 50,000
April 26 Cash paid to Anil 975. Discount received 25.
April 30 Paid to Raju 1,000 in cash and 2,000 by cheque.
April 30 Paid * 4,800 to Mohan in settlement of his account for 5,000.​

Answer 1

Explanation:

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