Enter the following transactions in the Journal of Arun Govil & Co.:
2018 Arun Govil & Co. paid into bank as capital 6,00,000.
i Purchased goods from Mukesh of the list price of 200000 at 10% trade discount.
4 One-fourth of the above goods returned to Mukesh for not being upto specifications.
June 6 Issued a cheque to Mukesh for the amount due to him after deducting 2% as cash
discount.
June 7 Withdrew from bank 2,50,000 for office use and 10,000 for personal use. June 10 Purchased a machinery for 1,00,000 and spent 5,000 on its installation. Payment for machinery was made by cheque and installation expenses were paid in cash.
June 12 Sold goods for 1,00,000 to Amar.
June 13 Amar clears his account by giving a cheque of 98,500. Cheque is immediately sent
to bank.
June 15 Purchased stationery for personal use 3,000 and for office use 5,000.
June 20 Purchased land for 2,00,000 and paid 1% as brokerage and 15,000 as registration charges on it. Entire payment is made by Cheque.
June 30 Wages due to labourers 20,000
and salary due to the clerk 30,000.
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