Question

Enter the following transactions of Kumar Bros. in appropriate Subsidiary books: 2018 Jan. 1 Assets : Cash in Hand 5,400; Due from Balaji & Co. 7,000; Due from Manoj 20,000; Stock 80,000; Furniture *25,000. Liabilities: Bank overdraft 36,200; Due to Surender 9,200. 3 Purchased from Ram Lal & Sons 10 Chests of tea @ 720 each less 10% trade discount. 5 Purchased from Ghanshyam Das & Co. 20 tins of coffee @480 each, less discount. Half the payment is made in cash and half by cheque. 6 Purchased machinery for 10,000 from Parmod & Co. on Credit. 8 Received cash from Balaji & Co. 76,800 in full settlement of their account. 10 Deposited into bank 5,000. Sold to Sen & Co. goods as follows: 4 Chests of tea @ 950 each 12 tins of Coffee @ 700 each Returned to Ram Lal & Sons 1 chest of tea. Jan. 15 Jan. 16 Sold to Ravi Shankar 20 chests of tea @ 1,000 each less 5% trade discount. Jan. 17 Ravi Shankar returned 1 chest of tea.. Jan. 18 Ravi Shankar accepted a bill for 1 month for the amount due from Jan. 18 Paid for wages 500 and for stationery *200. him. Jan. 20 Received a cheque of 10,000 from Sen & Co. The cheque is immediately deposited into bank. Jan. 21 Purchased from Vijay & Co. 20 chests of tea @ 800 each and 5 tins of coffee @500 each. Jan. 22 2 Chests of tea costing 700 each are taken by Mr. S. Kumar for his personal use. Jan. 24 Returned to Vijay & Co. 2 chests of tea and 1 tin of coffee. Jan. 25 Acceptance given to Vijay & Co. for 2 months for the amount due to them. Jan. 27 Acceptance received from Sen & Co. for 2,200 for 30 days. Jan. 28 Withdrew from bank for personal use 4,000 and for office use $6,000. Jan. 30 Paid rent by cheque 4,000.​

Answer 1

Answer:

l think your answer is above attachment