Question

Enter the following transactions in the journal of M/s. Rakesh Brothers : -

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January 1 Commenced business with cash 50,000

January 2 Deposited cash into Bank 40,000

January 4 Goods bought from Rangnath and paid him by cheque 20,000

January 5 Sold goods to Bachhulal on credit 15,000

January 10 Received cheque from Bachhulal and sent to Bank 15,000

January 12 Sold goods to Vinay Brothers 10,000

January 18 Received cheque from Vinay Brothers 10,000

January 20 Vinay Brother’s cheque deposited into Bank 10,000

January 22 Withdrew cash for office from Bank 5,000

January 25 Withdrew cash for private use from Bank 2,000

January 26 Vinay Brother’s cheque was dishonoured 10,000

January 28 Bank charges debited by Bank 200

January 29 Interest credited by Bank on deposits 300​

Answer 1

Answer:

January 29 internet credited by bank on deposit 300.