Pass journal entries, prepare ledger accounts and trial balance for the following Transactions and
events
1.
The business started with $ 1,00,000
2.
Bought machinery for $ 15,000 and furniture for $ 10,000
3.
Purchased goods of $ 20,000 with cash
4.
Bought Stationery for $ 500
5.
Cash deposited into bank $ 40,000
6.
Goods sold to Matt for $ 15,000
7.
Purchased goods from Uday of $ 30,000
8.
Being $ 5,000 rent paid for premises
9.
Cheque received from Matt of $ 15,000
10.
Defective goods returned to Uday returned of $ 2,000
11.
Cash sales of $ 25,000
12.
Carriage Inward paid $ 700
13.
Cash withdrawn from bank $ 15,000
14.
Full payment made to Uday in cash. Discount received from Uday $ 1000.
15.
Refreshments given to customers of $ 200
16.
Goods sold to Shyam for $ 7,500
17.
Goods purchased from Ram of $ 50,000
18.
Salaries paid to employees by bank $ 5,000
19.
Good sold to Suri for $ 25,000
20.
Insurance premium paid of $ 1,500 by the bank.