Question

Q.14. Pass necessary Journal Entries for the following transactions and prepare Cash Account.
2019
July 1 Cash balance 12,500.
5 Purchased goods worth 5,000.
9 Received from a debtor (sonam) 3,500
16 paid to a supplier (sonal) 1,500.
21 Cash sales 7,500.
26 Paid wages *650.
29 Cash deposited into bank1,350​

Answer 1

Answer:

July 1

cash a/c dr. 12500

To capital a/c 12500

July 5

purchase a/c dr. 5000

To cash a/c. 5000

July 9

Cash a/c dr. 3500

To sonam a/c 3500

July 16

sonal a/c dr. 1500

To cash a/c 1500

July 21

Cash a/c dr. 7500

To sales a/c 7500

July 26

wages a/c dr 650

To Cash a/c. 650

July 29

Bank a/c. dr. 1350

To cash a/c. 1350