O
Mr. x Started business on 1st January 2007 With
Rs. 50,000. Heentered into following transactions
during January 2007.
Jan 2,2007 — purchased furniture Worth Rs.zobor
Jan 3, 2007 - purchased goods from "A" Worth
Rs.100,000 paying Rs.15,ooo cash and balance
payable after three months.
Jan 4, 2007 - Sold goods for Cash Worth
Rs. 25,000.
• Jan 6, 2007 - paid rent for hiring office
of
Space Rs. 5,000.
• Janio, 2007 - purchased stationery Worth
Rs. 2,500
• Janis, 2007 - Sold goods to "B" on credit
Rs. 1,20,000
• Janzo, 2007 — Amount received from a
Rs.1,19,500 in full Settlement of the amount
due
Jan 21, 2007 - dvertisement expenses
incurred Rs. 2,500.
• Jan 31, 2007 - Caid salary for the month
Rs.20,000.
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journal entries related information and try to do itself.
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