Question

Journalize the following transactions.
Date
1.4.2017
2.4.2017
5.4.2017
6.4.2017
50,000
8.4.2017
10.4.2017
11.4.2017
Particulars
Business started with cash 5,00,000
Goods purchased from Mohan 40,000
Stationary purchased for cash 2,000
Opened a bank account with UTI bank by depositing cash of
Goods sold to Riya for 25,000
Received a cheque of * 25,000 from Riya
Sold Goods to Shinu 12,000
Shinu Pays 12,000 cash
Goods purchased for 16,000 on credit from Neethu
Insurance Paid By Cheque 8000
Paid 4,000 towards rent by cash
Goods costing 2500 given as charity
Purchased office furniture for 10500 in cash
Cash withdrawn for household purpose * 2000
Interest Received for cash 1,000
15.4.2017
16.4.2017
18.4.2017
19.4.2017
20.4.2017
23.4.2017
24.4.2017
25.4.2017
27.4.2017
28.4.2017
Cash Sales * 5,000
Commission Paid 1000 by cheque
Telephone Bill Paid by cheque 2,500
Payment of Salaries in cash 13,000
29.4.2017
30.4.2017​

Answer 1

Answer:

Here it is!

Hope you are already aware of the basic journal entry rules.