Paid salaries to staff 1,500 and received from travelling salesman 2,000 for goods sold by3. Journalize the following transactions and post them into Ledger.2011Sept. 01Sept. 02Sept. 03Sept. 06Sept. 08Sept. 10Sept. 11Started business with 50,000, out of which paid into Bank 20,000.Bought furniture for 75,000 and machinery for 10,000.Purchased goods for 14,000.Sold goods for 78,000.Purchased goods from Malhotra & Co. 11,000.Paid telephone rent for the year by cheque 500.Bought one typewriter for 2,100 from Universal Typewriter Co.on credit.Sold goods to Keshav Ram for 712,000.Sold goods to Rajesh Kumar for 72,000 for cash.Amount withdrawn from bank for personal use {1,500.Received cash from Keshav Ram11,900, discount allowed 100.Paid into bank 75,800.Bought 50 shares in XY & Co. Ltd. at 760 per share, brokerage paid 20.Goods worth 1,000 found defective were returned to Malhotra & Co, and the balance of tamount due to them settled by issuing a cheque in their favour.Sold 20 shares of XY & Co. Ltd at 765 per share, brokerage paid 20.Bought goods worth 2,100 from Ramesh and supplied them to Suresh at 3,000.Suresh returned goods worth 100, which in turn were sent to Ramesh.Issued a cheque for 1,000 in favour of the landlord for rent for September.Sept. 15Sept. 17Sept. 19Sept. 21Sept. 22Sept, 23Sept. 25Sept, 28Sept. 28Sept. 30Sept, 30Sept. 30him, after deducting the travelling expenses 100.Paid for: CharitySept. 307 101StationeryPostageマ450そ249

A Journal is a book in which transactions are recorded in the chronological order. A journal is…

Journalize the following transactions and post them into Ledger. 2011 Started business with 50,000, out of which paid into Bank 20,000. Bought furniture for 75,000 and machinery for 10,000. Purchased goods for 14,000. Sept. 01 Sept. 02 Sept. 03 Sept. 06 Sold goods for 78,000. Sept. 08 Sept. 10 Sept. 11 Purchased goods from Malhotra & Co. 11,000. Paid telephone rent for the year by cheque 500. Bought one typewriter for 2,100 from Universal Typewriter Co. sln Prove on credit. Sept. 15 Sold goods to Keshav Ram for 12,000. Sept. 17 Sept. 19 Sold goods to Rajesh Kumar for 72,000 for cash. Amount withdrawn from bank for personal use 1,500. Sept. 21 Received cash from Keshou Pom f11.000

Journalize the following transactions and post them into Ledger. 2011 Started business with 50,000, out of which paid into Bank 20,000. Bought furniture for 75,000 and machinery for 10,000. Purchased goods for 14,000. Sept. 01 Sept. 02 Sept. 03 Sept. 06 Sold goods for 78,000. Sept. 08 Sept. 10 Sept. 11 Purchased goods from Malhotra & Co. 11,000. Paid telephone rent for the year by cheque 500. Bought one typewriter for 2,100 from Universal Typewriter Co. sln Prove on credit. Sept. 15 Sold goods to Keshav Ram for 12,000. Sept. 17 Sept. 19 Sold goods to Rajesh Kumar for 72,000 for cash. Amount withdrawn from bank for personal use 1,500. Sept. 21 Received cash from Keshou Pom f11.000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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