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Pass necessary Journal entries for the following transactions:
2022 April – 5 Paid salaries ₹ 30,000, rent ₹ 10,000 and wages ₹ 8,000 by cheque.
April – 7 Purchased goods from Hari for ₹ 30,000 at 10% trade discount and 2% cash discount. payment was made immediately.
April – 15 Paid to Raju ₹ 5,000 in cash and ₹ 7,000 by cheque.
April – 18 Goods sold to Roma for ₹ 5,000 at 20% Trade discount and 3% Cash discount. Half of the payment was received immediately.
April – 20 Goods sold to Ramesh for ₹ 8,000. He paid ₹ 5,000 by cheque immediately.
April – 25 Additional capital introduced as: cash ₹ 10,000; and Delivery Van (Personal asset) of ₹ 50,000.
April – 26 Cash paid to Anil ₹ 975. Discount received ₹ 25.
April – 30 Paid to Raju ₹ 1,000 in cash and ₹ 2,000 by cheque.
April – 30 Paid ₹ 4,800 to Mohan in settlement of his account for ₹ 5,000.
Anurag Pathak Changed status to publish September 19, 2023
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