the following transactions took place in the business of Rathna Kumar, who dealsin textiles
2017
January
₹
1
5
10
15
Commenced business with capital
Bought furniture for cash
Purchased goods for cash
Bought goods on credit from Jeyanthi
Returned goods to Jeyanthi
Sold goods for cash
Sold goods to Elizabeth on credit
Paid salaries to Krishnan by cash
Received commission from Kumar by cash
Received cash from Elizabeth
5,00,000
6,000
10,000
25,000
2,500
32,000
72,000
7,000
18
20
25
30
2,800
31
31
22.000
e journal entries, ledger postings and trial balance for the transactions will appear as below
the books of Rathna Kumar.
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