Raghunath Bros. started business with cash 80,000: Goods 40,000 and furniture *20.000 Jung Sold goods to Nandlal of the list price of 20,000 at trade discount of 10% June 4 Nandlal returned goods of the list price of 4,000.- June 8 Received from Nandlal 214,150 in full settlement of his account. June 104 Purchased goods from Brij Mohan of the list price of 10,000 at 15% trade discount June Returned goods to Brij Mohan of the list price of 1,000. June 16 Settled the account of Brij Mohan by paying cash, under a discount of 4%. June 1Purchased goods from Anil 75.000Sunil 10,000. June 19 Paid yash to Anil +1,900 and discount received 100.. June 20 Paid 19.800 to Sunil in full settlement of his account. June 20 Bought a "Table Fan" for 78,000 for the domestic use of Raghunath. June 25 Sold goods for cash of the list price of 28,000 at 10% trade discount and 3% cash June 30 Paid Rent 78,000, Trade Expenses 7,000 and Travelling Expenses 3,800.
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