Journalize the following transactions:
2014
April 1 ganesh commenced business with a capital of rs.150000
2 purchased goods from ahmed rs.20000
3 solid goods rs.1000
4 returned goods to ahmed rs.500
7 sold goods to chand rs.2500
8 chand returned goods rs.100
11 cash purchases rs.5000
16 paid for office expenses rs.1500
20 drew cash for personal use rs.1000
26 paid insurance premium rs.200
27 interest and dividend received rs.1000
30 paid salaries rs.5000
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HEY
U R ANSWER ♠....
1 → CASH AC DR
TO GANESH CAPITAL AC
2→ PURCHASE AC DR
TO AHMED AC
3→ CASH AC DR
TO SALES AC
4→ PURCHASE RETURN AC DR
TO AHMED AC
5→ CASH AC DR
TO SALES AC
6→ SALES RETURN AC DR
TO CHAND AC
7→ PURCHASE
TO CASH
8 →OFFICE EXPENS
TO CASH
9 → DRAWING
TO CASH
10 → INSURANCE PREMIUM
TO CASH
11→ CASH AC
TO INTEREST
TO DIVIDEND
12→ SALARY
TO CASH
MAYBE IT HELPS 4 U.......^_^
U R ANSWER ♠....
1 → CASH AC DR
TO GANESH CAPITAL AC
2→ PURCHASE AC DR
TO AHMED AC
3→ CASH AC DR
TO SALES AC
4→ PURCHASE RETURN AC DR
TO AHMED AC
5→ CASH AC DR
TO SALES AC
6→ SALES RETURN AC DR
TO CHAND AC
7→ PURCHASE
TO CASH
8 →OFFICE EXPENS
TO CASH
9 → DRAWING
TO CASH
10 → INSURANCE PREMIUM
TO CASH
11→ CASH AC
TO INTEREST
TO DIVIDEND
12→ SALARY
TO CASH
MAYBE IT HELPS 4 U.......^_^
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