Question

Bernt
received
Record the following transaction in Sohan's books
(1) Commenced business with 1,500. (2) Bought goods from Prabhat 800
(3) Sold goods to Ravi 400. (4) Bought goods for cash 1,000. (5) Bought
furniture for cash 100. (6) Paid rent 75. (7) Received interest 10
(8) Deposited into bank ? 150. (9) Sold goods to Shashank for cash 300. (10)
Paid cartage * 5.
(Ans. Total of Journal ? 4,340)
with mosh 35,000, goods > 4,000 and furniture​

Answer 1

Answer:

Required Journal Entries :

1 ) Cash ac Dr. 1,500

To capital ac 1,500

( Commenced business with cash )

2 ) Purchases ac Dr. 800

To Prabhat 800

( Bought goods from Prabhath )

3 ) Ravi ac Dr. 400

To sales ac 400

( Sold goods to Ravi )

4 ) Purchases ac Dr. 1,000

To cash ac. 1,000

( Bought goods for cash)

5 ) Furniture ac Dr 100

To cash ac 100.

( Bought furniture for cash )

6 ) Rent ac Dr. 75

To Cash ac. 75

( Paid Rent )

7 ) Cash ac Dr. 10

To interest ac 10

( Received Interest )

8 ) Cash ac Dr. 150

To bank ac 150

( Deposited to Bank )

9 ) Sales ac Dr. 300

To cash ac. 300

( Sold goods to shashank For cash )

10 ) Cartage ac Dr. 5

To cash ac. 5

( Paid cartage )

Total Of Journal = 4,340

Note :

• Write the amount correctly in both debit and credit sides of journal.

• Total the amounts both side.

Format Of Journal Entry is attached ;