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Q.3 Journalize the following transactions –
Jan 1st – Mr. Shetty started his business with Rs. 80,000/- which he bought as his capital in cash
Jan 10th – He purchased goods worth Rs. 30,000/- in cash and Rs. 20000/- on credit.
Jan 12th – He paid wages Rs. 500/-
Jan 15th – Sold goods for Rs. 20,000/- in cash and Rs. 25,000/- on credit
Jan 16th – Paid to suppliers Rs. 8,000/- for goods purchased on credit
Jan 20th – Received Rs. 15,000/- from his debtors
Jan 31st – Paid rent Rs. 1,000/- in cash
Jan 1st – Mr. Shetty started his business with Rs. 80,000/- which he bought as his capital in cash
Jan 10th – He purchased goods worth Rs. 30,000/- in cash and Rs. 20000/- on credit.
Jan 12th – He paid wages Rs. 500/-
Jan 15th – Sold goods for Rs. 20,000/- in cash and Rs. 25,000/- on credit
Jan 16th – Paid to suppliers Rs. 8,000/- for goods purchased on credit
Jan 20th – Received Rs. 15,000/- from his debtors
Jan 31st – Paid rent Rs. 1,000/- in cash
