Question

May 20
30 Paid to Alay in settlement of his account
Compound Journal Entries
Pass necessary Journal entries for the following transactions:
April
s Paid salaries 20,000, rent 5,000 and wages 6.000 by cheque
April
7 | Purchased goods from Hari for 30.000 at 10% trade discount and 2% cash discount
Payment was made immediately
April 15 Paid to Raju 5,000 in cash and 7,000 by cheque.
April 18 Goods sold to Roma for 25,000 at 20% Trade discount and 3% Cash discount. Half of the
payment was received immediately.
April 20 Goods sold to Ramesh for 8.000. He paid 5,000 by cheque immediately
April 25 Additional capital introduced as: cash 10,000, and Delivery Van (Personal asset) of 250.000
April 26 Cash paid to Anil +975. Discount received 25.
April 30 Paid to Raju ? 1,000 in cash and 2,000 by cheque.
April 30 Paid 4,800 to Mohan in settlement of his account for 5,000​

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