pass the journal as wellas ledger entries off the foll
1st jan :> started businress with cash rs 1,20,000 & goods
worth rs 60,000.
2nd jan > cash purchases rs 50,000.
4th jan >cash sales rs 40,000.
6th jan > purchase good's from sonali on credit worth rs
30,000 at 10 % trade discount.
8th jan> sold sood's to komal on credit rs 20,000 at 10%
trade discount.
10th jan > paid rent by a cheque rs 50,000.
12th jan > good's worth rs 4,000 lossed by fire.
14th jan > good's worth rs 3,000 withdrawn from business for
personal use.
16th jan > good's worth rs 2,000 distributed as free
samples.
18th jan > good's worth rs 1,000 exchange for furniture.
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Answer Posted / Jinkal Chaudhary
[{"Journal Entries": "n1st Jan:nCash Dr 1,20,000 (120,000)nBank Cr 1,20,000 (120,000)nGoods Inventory Dr 60,000 (60,000)nPurchases Creditors Held 30,000 (30,000)nn2nd Jan:nBank Dr 50,000 (50,000)nCash Cr 50,000 (50,000)nPurchases A/c Dr 50,000 (50,000)nn4th Jan:nCash Dr 40,000 (40,000)nSales A/c Dr 40,000 (40,000)nn6th Jan:nGoods Inventory Dr 30,000 (30,000)nCreditors Held Cr 27,000 (27,000)nPurchases A/c Dr 30,000 (30,000)nn8th Jan:nGoods Inventory Dr 20,000 (20,000)nCreditors Held Cr 17,000 (17,000)nSales A/c Dr 20,000 (20,000)nn10th Jan:nBank Dr 50,000 (50,000)nRent Exp Dr 50,000 (50,000)nn12th Jan:nGoods Inventory Dr 4,000 (4,000)nFire Loss A/c Dr 4,000 (4,000)nn14th Jan:nGoods Inventory Dr 3,000 (3,000)nOwner's Equity Dr 3,000 (3,000)nn16th Jan:nGoods Inventory Dr 2,000 (2,000)nSales A/c Dr 2,000 (2,000)nn18th Jan:nFurniture Assets Dr 1,000 (1,000)nGoods Inventory Cr 1,000 (-1,000)
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