Question

Journalize the following transactions in the books of Amit
July 2019
1. Brought goods from Naman for Rs. 10,000 at 5% Trade discount
4. Sold half the goods purchased from Naman to Annie at 10% profit on cost
8. Gave a cheque of Rs. 12,000 to Mira
9. Bought a Laptop of Rs.36,000 in exchange of goods from Misra & CO. Goods of Rs.40,000 were given
at 10% Trade discount
16. Paid cash to Steve & Co. Rs.19,500 who allowed a discount of Rs.100
19. Goods distributed as free samples Rs.1,500
26. Purchased shares of Rs. 5,000 of SBI Bank
26. Received interest on deposit Rs. 150
31. Salaries paid Rs.5,000 by cash and Rs. 16,000 by bank​

Answer 1

Explanation:

1.purchases a/c 9500

to naman a/c 9500

2.annie a/c 4675

to sale a/c 4675

3. Mira a/c 12000

to bank a/c 12000

4. laprop a/c 36000

to Mishra and co.36000

5.steve and co 20000

to cash a/c. 19500

to dis.received 100

6.sampling a/c 1500

to purchase a/c 1500