Journalise the following transactions

2020
Mar, 2 Commenced business with cash 2,50,000
”4 Purchased furniture for cash 20,000
”4 Cash purchases 1,45,000
”5 Deposited with bank 30,000
”6 Purchase from Patil 40,000
Sold to Natarajan for cash 14,300
”7 Stationery purchased 1,050
”7 Purchase from Salil 26,000
”7 Sold to Mukherjee 8,080
”9 Rent for two years paid in advance 24,000
”9 Drawings by the proprietor for household expenses 4,000
Goods taken out by the proprietor for domestic use 500
”9 Cash withdrawn from Bank 25,000
” 10 Sold to Mathur on credit 9,850
” 11 Purchases made, payment through cheque 2,900
” 14 Cash received from Patil on account 10,000
” 14 Cash paid to Salil after deduction of discount 1300 24,700
” 17 Cash received from Mathur in full settlement of his account 9,750
” 18 Mukherjee becomes insolvent. A dividend of 50 paise in a 4,040
rupee is received
” 18 Purchase of a Scooter for cash 30,000
” 20 Sold goods to Aggarwal 8,640
Sales to Nayak 3,780
” 24 Cartage paid in cash 150
” 24 Repairs to Scooter, payment not yet made 170
” 26 Payment of cash for petrol 550
” 26 Purchases of goods for cash 12,000
” 26 Purchases of Office Equipment for cash 12,100
” 27 Repairs bill paid in cash 170
” 28 Aggarwal returns goods 400
” 31 Depreciation on furniture 100
Depreciation on Scooter 200
” 31 Salary to clerk outstanding 1,800
” 31 Adjustment for the month’s outstanding rent 1,000
” 31 Bank charges for the month 50
” 31 Interest on capital for the month 1,250
Salary to be credited to proprietor 2,000
” 31 Salil agrees to take some defective goods purchased 700
from him and immediately refunds the money
Illustration
Raju started business on 1st January 2020. You are required to pass entries, in
journal & subsidiary books, post them in ledger and prepare trial balance
under totals & balances method for January 2013. His transactions for the
month were follows:

2020
Jan. 1 Cash brought in by Raju as his capital 2,00,000
Furniture purchased on credit from Nuluk Furniture Home 25,000
”2 Goods purchased from Modi & Sons on credit 61,400
”3 Goods purchased for cash 35,000
”4 Goods purchased from Delhi Traders on credit 73,300
”5 Cash sales 4,600
”8 Sold goods to Bhatia & Co. on credit 19,860
” 11 Purchased stationery for cash 1,050
” 12 Paid Modi & Sons cash to settle account
Received 5% discount from the firm ......
” 13 Received from Bhatia & Co. in full settlement of account 19,800
” 17 Cash sales 10,700
” 18 Sold on credit to Ganesh & Co. 5,000
” 19 Received cash from Ganesh & Co. 1,000
” 21 Sold on credit to Hoshiar Singh 4,000
” 23 Purchased goods for cash 26,000
” 27 Hoshiar Singh becomes insolvent. A first and final dividend of 3,000 is
received from his estate
” 31 Ganesh & Co. pays cash 3,900
” 31 Discount allowed to Ganesh & Co. 100
” 31 Cash paid for rent 2,800
” 31 Depreciation on furniture 250
” 31 Payment to Delhi Traders in full settlement 73,000
Illustration 3
Journalize the following transactions for the month of Dec’2020.

Dec’1: Ajit Started business with cash ₹ 40,000.

Dec 3: He paid into the bank ₹ 2,000.
Dec 5: He purchased goods for cash ₹ 15,000.
Dec 8: He sold goods for cash ₹6000.
Dec 10: He purchased furniture and paid by cheque ₹ 5,000.
Dec 12: He sold goods to Arvind ₹ 4,000.
Dec 14: He purchased goods from Amrit ₹ 10,000.
Dec 15: He returned goods to Amrit ₹ 5,000.
Dec 16: He received from Arvind ₹ 3,960 in full settlement.
Dec 18: He withdrew goods for personal use ₹ 1,000.
Dec 20: He withdrew cash from business for personal use ₹ 2,000.
Dec 24: He paid telephone charges ₹ 1,000.
Dec 26: Cash Paid to Amrit in full settlement ₹ 4,900.
Dec 31: Paid for stationery ₹200, rent ₹500 and salaries to staff ₹ 2,000.
Dec 31: Goods distributed by way of free samples ₹ 1,000.

Illustration 4
Journalize the following transactions in the book of a trader.
Debit Balances on Jan 1, 2020:
1. Jan 01: Cash in hand ₹8,000
Cash at Bank ₹25,000.
Stock of Goods₹20,000.
Furniture ₹2,000.
Building ₹10,000
Sundry Debtors:
Vijay: ₹2,000.
Anil: ₹1,000.
Madhu: ₹2,000.
Credit Balances on Jan 1, 2020:
Sundry Creditors
Anand: ₹5,000.
Loan from Bablu: ₹10,000
Following were further transactions in the month of January’2020:

Jan. 1 Purchased goods worth ₹5,000 for cash less 20% trade discount and 5% cash discount.
Jan.4 Received ₹1,980 from Vijay and allowed him ₹20 as discount.
Jan.6 Purchased goods from M/s Bharat ₹5,000.
Jan.8 Purchased plant from M/s Ramesh for ₹5,000 and paid ₹100 as cartage for bringing the plant to the factory
and another ₹200 as installation charges.
Jan.12 Sold goods to Rahim on credit ₹600.
Jan.15 Rahim became insolvent and could pay only 50 paise in a rupee.
Jan.18 Sold goods to Ram for Cash ₹1000.
Jan.20 Paid salary to Ratan ₹2,000.
Jan.21 Paid Anand ₹4,800 in full settlement.
Jan.26 Interest received from Madhu ₹200.
Jan.28 Paid to Bablu interest on loan ₹500.
Jan.31 Sold goods for cash ₹500.
Jan.31 Withdrew goods from business for personal use ₹200.