Question

Hint. Pass journal entries; post in the leager'
of balances.
5. (Journal, Ledger, T.B.) Mr. Ranjan started business with cash 10,000 and goods
7.000 on July 1, 2016. His transactions for the month were as under:
2016
₹
July 2 Bought goods from Ashok
3,000
July 5 Sold to Indra
5,400
July 8 Sold to Mujib
4,000
July 12 Received cash from Indra
5,350
Discount allowed
50
July 14 Bought from Jugal Kishore
6,450
July 18 Purchased furniture
400
July 20 Safe purchased from Bhatia Safe Co.
350
July 24 Paid Jugal Kishore
Discount received
6,375
July 25 Cash sales
75
July 26 Goods returned by Mujib
220
July 27 Paid to Bhatia Safe Co.
270
July 29 Goods purchased from Jugal Kishore
300
July 30 Goods returned to Jugal Kishore
3,475
225
Solve plz

Answer 1

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