Question

Q.12 Journalize the following:
March 4
March 10
March 15
March 18
Purchased building for Rs.1,50,000 and incurred expense of Rs. 10,000
on its purchase
Satish declared insolvent and could pay only 60% of total amount
Rs.20,000
Paid Rs.500 for repairing the office furniture.
Proprietor withdrew for his personal use cash Rs.5,000 and goods
Rs.2.000.
Purchased goods Rs.10,000 on credit and for cash Rs.15,500.
Paid electricity charges Rs.1,600.
Outstanding wages at the end of the year Rs.6,000.
Charge depreciation on machine @10% for one year (Machine
Rs.75,000).
March 20
March 28
March 31
March 31​

Answer 1

Answer:

March 4 building a/c. Dr. 160000

to cash a/c. 160000

march10 cash a/c. Dr. 12000

bad debts a/c Dr. 8000

to Satish. 20000

March 15 repair a/c Dr. 500

to cash a/c. 500

March 18 drawing a/c. dr.7000

to cash a/c. 5000

to purchase a/c. 2000

March 20.puchase a/c Dr.25500

to creditor a/c. 10000

to cash a/c. 15500

March 28 electricity charges a/c Dr. 1600

to cash a/ c. 1600

March 31 wages a/c dr. 6000

to outstanding wages a/c. 6000

March 31 dep.on machinery a/c. Dr. 7500

to machinery a/c. 7500