Question

Tournal Entries for the following transactions in the books of Raja Ram Q. 8. Give Journal Entrie & Co.: 2017 Torch 3 Bought goods for cash of the list price of $80,000 at 10% trade die 2-% cash discount. 5 Sold goods for cash of the list price of 1,00,000 at 15% trade discount and 3% cash discount. 6 Sold goods to Nagpal of the list price of 50,000 at 20% trade discount. 8 Nagpal returned one-fourth of the above goods, 10 Nagpal settled the account by paying cash under a discount of 5%. Ans. Total 2,37,000; Cash Discount on March 3 31,800; on March 5 72,550 and on March 10 1,500.] 1ine the fol​

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