Question

complete the entries in Journal​

Answer 1

Answer:

Entries

Explanation:

Jan 1

1. Cash a/c Dr  10000.0

   Building a/c Dr 50000.00

To Capital a/c                 60000.00

( being started business with cash and building )

Jan 5

2.Cash a/c Dr  20000.00

   To Mr Dinkar a/c        10000.00

   To Mrs Divya  a/c        10000.00

(being borrowed amount from Mr Dinker and Divya)

Jan 10

3. Furniture a/c Dr Rs.6000.00

   Tools & Implements a/c Dr   4000.00

 To Cash a/c                                               10000.00

(being purchase of furniture and tools and implements)

Jan 15.

4. Purchase a/c Dr. Rs20000.00

 To cash                                  Rs 8000.00

To Devraj a/c                                12000.00

(being purchase of goods in cash and from Devraj on credit)

Jan 20

Cash A/c Dr  Rs.14000.00

Deepak a/c Dr Rs. 16000.00

To sales a/c                                  Rs.30000.00

(being sales in cash and on credit from Deepak)

Jan 25.

Cash a/c Dr.  Rs.15600.00

Discount a/c Dr  Rs 400.00

To Deepak a/c                      Rs.16000.00

(being cah received from Deepak in full settlement of his account)

Jan 31

Wages a/c Dr   Rs.1500.00

Salaries a/c Dr  Rs 2000.00

Insurance premium a/c Dr Rs.500.00

To cash                                                   Rs 4000.00

(being amount of wages and salaries and insurance on building paid in cash)