Business, 27.10.2020 21:10, Buttercream16
For the following transactions, make the journal entries, ledgers, and trial balance in the books of Mr. Pran.
2020 Date
Jan 2 Jan 3 Jan 4 Jan
Jan
Jan 5 Jan
Jan 6 Jan 7 Jan
Jan
Jan 10 Jan
Jan 13 Jan 15 Jan 16 Jan 17 Jan 19 Jan 20 Jan 22 Jan 23 Jan 24 Jan 27 Jan 29 Jan 31
Transactions $
Received a cheque from Mohan & Co., in full settlement 6,650 Sold goods to Das & co. 1,400 Sold goods to Chand & sons 1,440 Carrriage paid 35 Sold goods to Ain & co., for cash 3,120 Brought goods from Raheem Sons 4,000 Paid Math & co. by cheque in full settlement 3,800 Bought goods from Chatterjee 6,300 Das & co. return goods, not being upto the standard 100 Travelling expenses paid to salesman, Mr Chang 147 Sold goods for cash to Ms. Jaya 800 Paid for stationery 66 Postage stamps 15 Returned goods to Chatterjee (not being up to specification) 400 Paid for furniture by cheque 700 Goods used personally by proprietor 50 Sold goods to Mohan & co. 5,000 Das & co. pay by cheque 1,300 Cheque received from Chand & Sons 1,440 Bank advises Chand & Sons, cheque returned unpaid (Cheque bounced)
Sold goods to Ajay for cash 800 Cash deposited with bank 2,000 Cheque sent to Chatterjee (Discount allowed: $50) 5,850 Paid telephone bill 23 Paid salaries 600 Paid rent 300 Bank charges 10 Drew for personal use out of bank 500
Jan
1
Assets in hand: Cash $630, cash at bank $23,100, Stock of goods $26,400, Mohan & Co., $ 6,750
Liabilities: Math & Co. $3,880, Raheem Sons $3,000
Answers: 2
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For the following transactions, make the journal entries, ledgers, and trial balance in the books of...
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