Question

Mr.Shanmugam has the following transactions in the month of June 2013. Record them

into the journal and show postings in the ledger and balance the accounts.

June 1

st Shanmugam started business with a capital of 75,000

1

st Purchased goods from Mani on credit 25,000

2

nd Sold goods to Sonu 20,000

3

rd Purchased goods from Meenu 15,000

4

th Sold goods to Tanu for cash 16,000

5

th Goods retuned to Mani 2,000

6

th Bought furniture for 15,000

7

th Bought goods from Zenu 12,000

8

th Cash paid to Mani 10,000

9

th Sold goods to Jane 13,500

10th Goods returned from Sonu 3,000Cash received from Jane 5,500

12th Goods taken by Vasantha for domestic use 3,000

13th Returned Goods to Zenu 1,000

14th Cash received from Sonu 12,000

15th Bought machinery for 18,000

16th Sold part of the furniture for 1,000

17th Cash paid for the purchase of bicycle for Vasantha's son 1,500

19th Cash sales 15,000

20th Cash purchases 13,500​

Answer 1

Answer:

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