Pass necessary journal entries and prepare trial balance for the following transactions: 1 2 3 4 5
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Pass necessary journal entries and prepare trial balance for the following transactions:
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1 2 3 4 5 6 7 8 Started business with cash 1,00,000 Deposited cash into bank 30,000 Purchased furniture and issued cheque 12,000 Purchased goods and paid cash 20,000 Taken a loan from bank * 1,20,000 Sold half of the goods for 45,000 and paid salary 2,000; wages 1,200 Owner withdrew cash for his/her personal use 6,000 Paid interest on loan 800 9 10 11 12 13 14 15 с 16 Sold goods of 20,000 to Mohan Purchased goods of 12,500 from Rohit Paid commission 1,000 by cheque Received a cheque of 20,000 from Mohan Issued a cheque of 12,500 to Rohit Paid rent for the month * 2,000 Bank credited us with 250 for interest Paid bank charges 50
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