Pass the journal entries in the books of X and Co.

1st Jan 2021

Mr. X. Started his business with car Rs 50000, furniture Rs 20000, cash Rs, 10000

Car Furniture Cash: Asset: Real Account: Income: Debit

Mr. X: Capital Account: Giver: Credit (Mr. X invested capital in his company)

2nd Jan 2021

Cash deposited in bank Rs 2000

Cash: Real Account: Outgoing: Credit

Bank: Personal Account: Receiver: Debit

4th Jan

Goods Purchased on cash Rs 7000

Purchase: Nominal: expense: debit

Cash: real: outgoing: credit

5th Jan

Goods Purchased on credit from Mr. P at Rs 20,000

Purchase: Nominal: Outgoing: Debit

Mr. P: personal: Giver: credit

6th Jan

Goods sold on cash Rs 30000

Sales: Nominal: Incoming: Credit

Cash: Real: Incoming: Debit

10th Jan

Goods sold to Mr. A at Rs 20000

Sales: Nominal: Incoming: Credit

Mr. A: Personal: Receiver: Debit

15th Jan

Amount paid to Mr. P Rs 10000

Mr. P: Personal: Receiver: Debit

Cash: Real: Outgoing: Credit

18th Jan

Cash received from Mr. A. Rs 20000

Mr. A: Personal: Giver: Credit

Cash: Real: Incoming: Debit

21st Jan

Rent paid Rs 1000

Rent: Nominal: Expense: Debit

Cash: Real: Outgoing: Credit

25th Jan

Salary Paid Rs 20000

Salary: Nominal: Expense: Debit

Cash: Real: Outgoing: Credit

31st Jan

Goods sold on cash Rs 40000

Sales: Nominal: Incoming: Credit

Cash: Real: Incoming: Debit

 In the books of X &Co. Journal entry

Date Particulars L Dr Rs Cr Rs
F

2021 Motor car A/C DR 50000

1st Jan Furniture A/C DR 20000
Cash A/C DR 30000

To Mr. X Capital A/C 100000

(Being Mr. X invested in his business)
2020 Bank A/C DR 2000
2nd Jan
To Cash A/C 2000
(Being Cash deposited into the bank)
4th Jan Purchase A/C DR 7000

To Cash A/C 7000

(Being Goods Purchased on Cash)
5th Jan Purchase A/C DR 20,000

To Mr. P A/C 20,000

(Being Goods purchased from Mr. P)
6th Jan Cash A/C DR 30,000

To Sales A/C 30,000

(Being Goods sold on Cash)
10th Jan Mr. A A/C DR 20,000

To Sales A/C 20,000

(Being Goods sold to Mr. A)
15th Jan Mr. P A/C DR 10,000

To Cash A/C 10,000

(Being Cash Paid to Mr. P.)
18th Jan Cash A/C DR 20,000

To Mr. P A/C 20,000

(Being Cash received from Mr. P)
21st Jan Rent A/C DR 1000

To Cash A/C 1000

(Being Rent Paid)
25th Jan Salary A/C DR 20,000

To Cash A/C 20,000

(Being Salary Paid)
31st Jan Cash A/C DR 40,000

To Sales A/C 40,000

(Being Goods sold on Cash)
 Pass the Journal entries in the books of A and Co.

1st Jan Mr. A started his business with cash 50000, furniture 1 lac.

Cash Furniture: Asset: Real Account: Income: Debit

Mr. A: Capital Account: Giver: Credit (Mr. A invested capital in his company)

2nd Jan Cash deposited into the bank 5000

Bank: Personal Account: Receiver: Debit

Cash: Real Account: Outgoing: Credit

5th Jan Goods Purchased on Cash Rs 20000

Purchase: Nominal: expense: debit

Cash: real: outgoing: credit

7th Jan Goods Purchased on Cash from Mr. X Rs 10000

Purchase: Nominal: Outgoing: Debit

Mr. X: personal: Giver: credit

9th Jan Goods Purchased from Mr. R, Rs 30000

Purchase: Nominal: Outgoing: Debit

Mr. X: personal: Giver: credit

12th Jan Goods Sold on Cash Rs 50000

Cash: Real: Incoming: Debit

Sales: Nominal: Incoming: Credit

15th Jan Goods Sold to Mr. P Rs 20000

Sales: Nominal: Incoming: credit

Mr. P: personal: Receiver: Debit

18th Jan Cash Received from Mr. P Rs 20000

Mr. P: Personal: Giver: Credit

Cash: Real: Incoming: Debit

21st Jan Cash Paid to Mr. R Rs 10000

Mr. P: Personal: Receiver: Debit

Cash: real: outgoing: credit

25th Jan Electricity Bill Paid Rs 1000

Electricity: Nominal: Expense: Debit

Cash: Real: Outgoing: Credit

28th Jan Wages Paid Rs 5000

Wages: Nominal: Expense: Debit

Cash: Real: Outgoing: Credit

31st Jan Depreciation on Furniture Rs1000

Depreciation: Nominal: Outgoing: Debit

Furniture: Real: Outgoing: Credit

31st Jan Salary paid Rs 30,000

Salary: Nominal: Expense: Debit

Cash: Real: Outgoing: Credit

 In the books of A &Co. Journal entry

Date Particulars L Dr Rs Cr Rs
F

2021 Cash A/C DR 50000

1st Jan Furniture A/C DR 100000

To Mr. A Capital A/C 150000

(Being Mr. A invested in his business)
2nd Jan Bank A/C DR 5000

To Cash A/C 5000

(Being Cash deposited into the bank)
5th Jan Purchase A/C DR 20,000

To Cash A/C 20,000

(Being Goods Purchased on Cash)
7th Jan Purchase A/C DR 10,000

To Mr. X A/C 10,000

(Being Goods purchased from Mr. X)
9th Jan Purchase A/C DR 30,000

To Mr. R A/C 30,000

(Being Goods purchased from Mr. R)
12th Jan Cash A/C DR 50,000

To Sales A/C 50,000

(Being Goods sold on Cash)
15th Jan Mr. P A/C DR 20,000

To Sales A/C 20,000

(Being Goods sold to Mr. P)
18th Jan Cash A/C DR 20,000

To Mr. P A/C 20,000

(Being Cash received from from Mr. P)
21st Jan Mr. R A/C DR 10,000

To Cash A/C 10,000

(Being Cash Paid to Mr. R.)
25th Jan Electricity A/C DR 1000

To Cash A/C 1000

(Being Electricity Bill Paid)
28th Jan Wages A/C DR 5000

To Cash A/C 5000

(Being Wages Paid)
31st Jan Depreciation DR 1000

To Furniture A/C 1000

(Being Depreciation on Furniture)
31st Jan Salary A/C DR 30,000

To Cash A/C 30,000

(Being Salary Paid)