2.50 g™ Financial Accounting ue 8. 9. Journalize the following transactions, 2005 Jan 2 Anne Particulars Rs, Commenced business with cash 5,00,000 Purchased Furniture for cash 20,000 Cash purchases 29,000 Deposited with bank 30,000 Bought from Prakash 40,000 (University of Madras, [Link]., April 2012) Journalize the following transactions, Rs. (a) Commenced business with cash 1,80,000 (b) Deposited into bank 55,000 (c) Bought goods from Swaminathan 22,000 (d) Sold-goods to Vivek 10,000 (€) Purchased furniture for cash 4,000 (f) Paid wages 1,800 (g) Salary received 2,000 (h) Withdrew cash for private expenses 1,480 (i) Paid cash for stationery 150 (j) Cash sales 15,000 (University of Madras, [Link]., April 2013) Journalize the following transactions, 2006 Rs. March 1 Vishwanath commenced business with a capital of 30,000 2 Bought Machinery 5,000 3 Bought goods for cash from X 2,500 3 Sold goods for cash to Y 4,000 4 Purchases goods from Z 3,000 6 Cash sales 5,000 10 Received interest from A 2,000 11 Deposited cash into bank 6,000 14 Paid cash to B Rs. 2500 in full settlement 300 ‘IS Paid rent by cheque 500 (University of Madras, [Link]., April 2007)Journal & Ledger gi 2.51 10. Journalize the follow ing transactions, 2002 Rs. June 3 Received cash from Ram 5,000 11 Sold goods to Hari 200 17 Bought furniture from Ram 200 19 Paid rent 100 25 Purchased goods for cash 500 30 Paid salary 100 11. Journalize the following transaction of [Link]. 2003 Rs, March 1 Ram commenced business with cash 1,60,000 2 Opened current account with Indian bank 40,000 3 Bought goods from Santhanam 20,000 4 Sales to Radha 16,000 5 Sold to Jagan 80,000 6 Swamy sold goods to us 10,000 7 Kannan bought goods from us 6,000 8 Typewriter purchased 12,000 9 Paid salaries : 5,000 25 Withdrew cheque for personal use 3,000 (University of Madras, [Link]., November 2012) 12. Journalize the following transactions. 2005 June 1 Karthik commenced business with Rs.20,000 2 Paid into bank Rs.5,000 3 Purchased plant from Modi & Co Rs.10,000 4 Purchased goods from Anwar Rs.5,000 6 Goods sold to Anbu Rs.4,000 8 Sold goods for cash Rs.2,000 10 Goods returned by Anbu ~ Rs.50 15 Paid rent Rs.250 18 Withdrawn from bank for office use Rs.2,500 20. Paid salaries Rs. 1,800 25 Withdrawn for personal use Rs.250 26 Goods returned to Anwar Rs. 1002.52 g® Financial Accounting 27 Paid for office furniture by cheque Rs.1500 28 Received cash from Anbu Rs.3,909 and discount allowed Rs.50 29 Paid Anwar an account : Rs.4,800 and discount allowed by him Rs.100 (University of Madras, [Link]., April 2011) 13. Journalize the following transaction. ¢ Purchased goods for cash Rs.10,000 ©. Purchased stationery for cash Rs. 500 ¢ Purchased furniture for cash Rs.3,000 ¢ — Sold goods for cash : Rs.8,000 © — Sold goods to Jane for cash Rs.3,000 * — Sold goods to James Rs.2,000 ° — Paid rent to Krishnan, the landlord Rs.800 Paid salary Rs.800 Paid Lokesh, the Manager his salary of | Rs.3,000 ° Paid freight on goods purchased Rs.300 ° Paid wages Rs.500 ¢ Paid freight on machine purchased Rs.400 © Paid wages to erect a machine Rs. 1,000 ° | Received from Kamal Rs.800 © Received from Kamal as interest Rs.600 *° — Received from Kamal as loan at 6% interest Rs.7,000 (University of Madras, [Link]., November 2010) 14. Messrs. Krishna Kumar & Co., started their business on 1* April 2005 with Rs.50,000 as their capital. Following were the transactions for the month. 2005 Rs. April 1 Paid into bank 20,000 2 Purchased furniture from Modern Furniture Ltd., on Credit 3,000 6 Sold goods on credit to Sivakumar 3,500 8 Paid to Modern Furniture Ltd. Cash 2,000 8 Purchased good from Mohan + 8,800 15 Paid wages in cash 200 16 Issued cheques to Mohan * 7,00020 21 23 25 27 28 29 30 Journal & Ledger g™ 2.53 Received from Sivakumar 1,500 Paid into bank 1,500 Cash sales 3,500 Cash purchases 1,800 Good withdrawn for personal use 500 Cash withdrawn for personal use 750 Paid for stationery 100 Paid salaries by cheque .. 1,000 Pass Journal entries. (University of Madras, [Link], April 2012) 15. Journalize the following in the books of Praveen. 2003 Dec 1 Rs. Commenced business with cash 2,000 Goods 13,000 Furniture : 5,000 Sold goods to Chandru 3,000 Purchased furniture _ 3,200 . Paid for wages 1,200 Sold machinery for cash 8,000 Received interest 300 Rent paid 1,500