Question

journalize the following transaction 2016 May 2 paid salaries 'rs 3000 wages rs 2000 nd rent rs 1000 May 5 bought goods from naveen for rs 20,000 of which goods worth rs 12,000 was on credit May 9 sold goods of the list price rs 10,000 to Raman at 10% trade discount and 2% cash discount .Raman agreed to make prompt payment May 13 withdrew cash rs 4000 from bank for office use and rs 2,000 for personal use May 17 paid rs 11,200 to naveen and received discount rs popMay 22 received interst rs 200 and commission rs 500

Answer 1

may 16
salary a/c dr.3000
wages a/c dr.2000
rent a/c dr.1000
to cash a/c. 6000

may5
purchase a/c dr. 20000
to naveen 12000
to cash a/c 8000

may9
cash a/c dr. 8820
disc. allowed a/c dr. 180
to cash a/c 9000

may 13
drawings a/c dr. 2000
cash a/c dr.4000
to bank a/c 6000

may 17
naveen a/c dr. 12000
to disc. received a/c 800
to cash a/c. 11200

may 22
cash a/c dr. 700
to interest a/c 200
to commission a/c. 500