Accountancy, asked by akshatsingh1977, 7 months ago

Q.17 Record the following transactions in the journal of Naresh & Co:

June 1 Paid cash to Mahesh 9,600
And discount received from him. 400 Rs.

June 4 Received cash from Arun. 4,900 Rs.
And discount allowed to him.
100 Rs.

June 10 Goods sold to Harish 30,000 Rs.

June 12 Harish retuned goods. 2,000 Rs.

June 14 Received cash from Harish 27,500 in full settlement of his account

June 20 Sold goods to Gopal of the list price of 60,000 at 10% trade discount

Answers

Answered by mohnishbansal310808

these are the required entries

Attachments:

Answered by lodhiyal16

Answer:

Explanation:

JOURNAL ENTRIES

Jan .1

Mahesh Account Dr. 10000

To Cash Account Cr. 9600

To Discount Received Account Cr.400

Jan. 4

Cash account Dr. 4900

Discount Allowed Account Dr. 100

To Arun Account Cr. 5000

Jan. 10

Harish Account Dr. 30000

To Sales Account Cr. 30000

Jan. 12

Sales Return Account Dr. 2000

To Harish Account Cr. 2000

Jan. 14

Cash Account Dr. 27500

Discount Allowed account Dr. 500

To Harish Account Cr. 28,000

Jan. 24

Gopal Account Dr. 54000

To Sales Account Cr. 54000

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