Question

Delhi, pass journal entries, post them into ledger and prepare a Trial Balance
Jan 1 Assets: Cash 8,000: Debtors (Ram 75,600Mohan 8400, Sohan
Jan. 3 Sold goods for cash 8,500.
Jan. 5 Paid salary 4,000 and rent 2,000.
e Tollowing transactions of Roshan Lale Sons,
2020
7,000) Stock * 25,000 and Furniture ? 10,000
Liabilities: Creditors-(Amit 26,500, Sumit 27,800; Ramesh 5.700)
Jan. 1 Bought goods from Amit 5,000 and Sumit 6,000
Jan. 8
Sold goods to Ram of list price ? 8,000 less 10% trade discount
Jan 10 Paid for stationery < 500 and postage ? 600.
Jan. 12 Paid for Amit 6,500 and received discount 200.
Jan. 15 Goods of list price 1,000 returned to Ram
Jan. 17 Received cash from Ram 11,500 in full settlement of his account
Jan. 19 Withdrew cash 2,000 and goods 1,000 for personal use.
Jan. 22 Bought goods from Sumit for cash 2,500 and from Ramesh as
credit * 3,000
Jan. 25 Received payment from Mohan 3,000 and Sohan * 2,800
Jan. 27 Bought furniture 2,000.
Jan. 30 Paid 2,900 to Ramesh who allowed 100 as discount.​

Answer 1

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