Question

Compound Journal Entries
4. Pass necessary Journal entries for the following transactions:
5 Paid salaries 20.000. rent 5.000 and wages 76.000 by cheque.
7 Purchased goods from Hari for 30,000 at 10% trade discount and 2% cash discount
Payment was made immediately.
15 Paid to Raju 5.000 in cash and 7,000 by cheque.
- 18 Goods sold to Roma for 5.000 at 20% Trade discount and 3% Cash discount. Half of the
payment was received immediately.
20 Goods sold to Ramesh for 8.000. He paid 5.000 by cheque immediately.
25 Additional capital introduced as: cash 10,000; and Delivery Van (Personal asset) of 50.000
26 Cash paid to Anil +975. Discount received *25.
30 Paid to Raju 1,000 in cash and 2,000 by cheque
30 Paid 4.800 to Mohan in settlement of his account for 5.000.​

Answer 1

Answer:

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