Prepare a ‘T’ shape Account of Mr. Krishna (a debtor) with the help of the following transactions:-
2010
July 1 Balance due from him `70,000.
July 5 Sold goods to Krishna at a list price of `50,000 less trade discount @ 10%.
July 8 Goods returned by Krishna of a list price of a list price of `5,000.
July 22 Cash received from Krishna`24,000 and allowed him discount of `1,000.
July28 Sold goods to Krishna for `15,000.
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