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2022 Jan. 1 Jan. 3 Jan. 5 Jan. 11 Jan. 12 Jan. 15 Jan. 18 Jan. 20 Jan. 24 Jan. 25 Jan. 30 Jan. 31. Enter the following transactions in the journal of Mohan Lal Mohan started business with cash 10,000, goods 25,000 and furniture 5,000. Purchased goods from Mr. Sohan for cash * 25,000. Sold goods to Sham 10,000. Paid for rent and wages 500 and 400 respectively. Received commission 1,500. Sold goods to Manik of the list price of 15,000 at a trade discount of 10%. Manik returned goods of the list price of 4,000. Received from Manik 9,500 in full settlement. Provide 10% depreciation on building costing * 50,000. Provide 5% interest on capital of 40,000 for 6 months. Paid interest on loan ₹ 500. Goods distributed as free sample * 2,000. 2022 Jan. 1 Jan. 3 Jan. 5 Jan. 11 Jan. 12 Jan. 15 Jan. 18 Jan. 20 Jan. 24 Jan. 25 Jan. 30 Jan. 31. Enter the following transactions in the journal of Mohan Lal Mohan started business with cash 10,000, goods 25,000 and furniture 5,000. Purchased goods from Mr. Sohan for cash * 25,000. Sold goods to Sham 10,000. Paid for rent and wages 500 and 400 respectively. Received commission 1,500. Sold goods to Manik of the list price of 15,000 at a trade discount of 10%. Manik returned goods of the list price of 4,000. Received from Manik 9,500 in full settlement. Provide 10% depreciation on building costing * 50,000. Provide 5% interest on capital of 40,000 for 6 months. Paid interest on loan ₹ 500. Goods distributed as free sample * 2,000.

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January 1 2022 Mohan started the business with cash 10000 goods 25000 and furniture 5000 Calculation Total Initial Capital Cash Goods Furniture 10000 ... View the full answer