Journalise the following transactions in the books of Mr. Om and post them to respective ledger accounts and balance them and prepare Trial Balance 2019 Jan. 1 Commenced business with following Assets & Liabilities cash ? 75,000/, Furniture 10,000/-, Office Equipments 8,000/- Motor Car 1,00,000/-, Bank loan 25,000/ 3 Purchased goods from Shankar 40,000/- and paid him half the amount in cash 5 Sold goods to Nilesh < 25,000/- @ 49 trade discount. Purchased additional furniture worth 5,000/- for office from Interiors Ltd. 10 Goods costing 1,500/- withdrawn for personal use. 10,000/-. 13 Sold goods for cash 15 20 Distributed goods as free samples 1,200/.. Purchased goods from Sitaram for 30,000/- at 10% trade discount. 25 Opened a Bank 28 e in Bank of Maharashtra by depositing? 30,000/ Placed an order with Nishikant for supply of goods worth 20,000/- & sent him advance ? 5,000/- by A / c cheque. 29 Paid insurance premium 1,000/- by cheque. 31 Paid Salaries 4,000/- in cash and office rent 2,000/- by cheque.
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