Question

Record the following transactions in the Journal of Naresh:
2005
3
June 1 Paid cash to Mahesh
9,600
and discount received from him
400
June 4 Received cash from Arun
4.900
and discount allowed to him
100
June 10 Goods sold to Harish
30.000
June 12 Harish returned goods
2.000
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.
June 23 Purchased goods from Ravi of the list price of $20,000 at 15% trade discount​

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