Pass necessary journal entries in the journal for the following transactions: Date 2010 January 1 January 2
Question:
Pass necessary journal entries in the journal for the following transactions:
Transcribed Image Text:
Date 2010 January 1 January 2 January 3 January 3 January 4 January 5 January 6 Transaction January 7 January 8 January 12 Deepak started business with cash 2,50,000 and machinery worth * 1,50,000 Deposited cash into bank 1,30,000 Purchased furniture in cash * 22,000 Purchased equipment of 15,000 and issued cheque Purchased goods from Ramesh and issued cheque 12,000 Purchased goods from Ram of 22,500 Paid rent for the month 3,000 by cheque Sold goods in cash 33,500 to Mukesh Sold goods of 51,000 to Naveen Purchased stationery of* 1,400 January 14 Paid wages 9,500 by cheque January 16 Received cheque from Naveen * 30,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (2 reviews)
Date 2010 Jan 1 Jan 2 Jan 3 Jan 3 Jan 4 Jan 5 Jan 6 Cash ac Machinery ac Bank ac To Capital ac Deepa...View the full answer
Answered By
GERALD KAMAU
non-plagiarism work, timely work and A++ work
4.40+
6+ Reviews
11+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
The following are transactions between Sage Hill Corp., the consignor, and Oriole Stores Ltd., the consignee, for the month of June 2020. Sage Hill uses a perpetual inventory system and has a...
-
HSA Corporation operates in two types of businesses soft drinks and food products, and has operations in two countries U.S. and Turkey. The firm had operating income of $2.45 million on its U.S....
-
C Ltd. had 10,000, 10% Redeemable Preference Shares of Rs.100 each, fully paid up. The company decided to redeem these preference shares at par, by issue of sufficient number of equity shares of...
-
Sheridan Inc. is a retailer operating in British Columbia. Sheridan uses the perpetual inventory system. All sales returns from customers result in the goods being returned to inventory: the...
-
Wayne Cooper has some questions regarding the theoretical framework in which GAAP is set. He knows that the FASB and other predecessor organizations have attempted to develop a conceptual framework...
-
The car strikes the side of a light pole, which is designed to break away from its base with negligible resistance. From a video taken of the collision it is observed that the pole was given an...
-
At present, 10-year Treasury bonds are yielding 5 percent, while a 10-year corporate bond is yielding 7 percent. If the liquidity-risk premium on the corporate bond is 0.5 percent, what is the...
-
The following table lists all costs of quality incurred by Sams Surf Shop last year. What was Sams appraisal cost for quality last year? Annual inspection costs......... $ 155,000 Annual cost of...
-
Fluorine Limited (FL), a manufacturer of ships, has entered into the following contracts during the year ended 31 December 2022: (i) On 1 January 2022, FL entered into a contract with Alpha Limited...
-
DXL Ltd purchased 10% bonds of face value 50,000 on April 1, 2006 at a market price of 46,990. These are redeemable at par after four years. For these types of bonds, the effective (implied) interest...
-
Pass necessary journal entries in the journal for the following transactions: Date April 1 April 2 April 3 April 6 April 7 April 8 April 9 April 10 April 11 April 15 April 18 April 22 April 26 April...
-
The normal form (5) of an nth-order differential equation is equivalent to (4) whenever both forms have exactly the same solutions. Make up a first-order differential equation for which F(x, y, y') 0...
-
Kayak Company budgeted the following cash receipts (excluding cash receipts from loans received) and cash payments (excluding cash payments for loan principal and interest payments) for the first...
-
3. You borrow $15,000 at 7% APR. You will repay this loan in equal annual payments, at the end of each year, and repay this loan in 5 years. What is the equal, annual payment? 4. Invest $2,500 at the...
-
The high school decided to buy new uniforms for the girls and boys basketball teams. They plan to buy 35 uniforms with a total cost of $1,235. The store offers discounts based on the number of items...
-
A student is using a model to show how charge is induced. A balloon that was rubbed on animal fur and charged negatively is brought near two aluminum cans resting on two separate cups. Draw (-) signs...
-
Abdul has one die in his left hand and one in his right hand. One die has six dots painted on each face, and the other has one dot painted on two of the faces and six dots painted on each of the...
-
Jaksha applied to be a firefighter. He passed the written and physical exams given by the Montana Firefighter's Testing Consortium, but was not considered for a job when a position came open because...
-
The registrar of a college with a population of N = 4,000 full-time students is asked by the president to conduct a survey to measure satisfaction with the quality of life on campus. The following...
-
Goods costing $1,900 are purchased on account on July 15 with credit terms of 2/10, n/30. On July 18, the purchaser receives a $300 credit from the supplier for damaged goods. Give the journal entry...
-
Goods costing $1,900 are purchased on account on July 15 with credit terms of 2/10, n/30. On July 18, the purchaser receives a $300 credit from the supplier for damaged goods. Give the journal entry...
-
Frattura Company reports net sales of $800,000, gross profit of $560,000, and net income of $230,000. What are its operating expenses?
-
What role do social control mechanisms play in regulating deviant behavior, and how do these mechanisms vary across different cultural and historical contexts ?
-
6:53 [Discuss your top two or three skills and provide examples.] Driving Forces and Motivators [Explain your top two or three driving forces and provide examples.] Strongest and Weakest Areas of...
-
Figure 6.30 is a histogram showing the total compensation for the 100 best paid presidents of public universities. The data are from an article in the April 3, 2011 issue of The Chronicle of Higher...
Study smarter with the SolutionInn App