Date Transaction Dr Cr

1-Jun Cash 20,000.00

Singhania, Capital 20,000.00
Initial investment

1-Jun Purchases 7,000.00

Accounts Payable 7,000.00
Bought merchandise on account

3-Jun Equipment 5,000.00

Accounts Payable 5,000.00
Purchased equipment on account

4-Jun Office Supplies 3,000.00

Cash 3,000.00
Bought office supplies in cash

Accounts
7-Jun 12,000.00
Receivable
Sales 12,000.00
Sold merchandise on account

8-Jun Freight out 500.00

Cash 500.00
Paid delivery charges

Sales Returns &

9-Jun 3,000.00
Allowances
Accounts Receivable 3,000.00
defective mercahandise returned

11-Jun Cash 20,000.00

Notes Payable 20,000.00
Proceeds from bank loan

14-Jun Purchases 5,000.00

Freight In 700.00
Accounts Payable 8,700.00
Bought merchadise on account

15-Jun Salaries expense 3,000.00

Cash 3,000.00
paid salaries for its employees

1
16-Jun Cash 8,820.00
Sales Discount 180.00
Accounts Receivable 9,000.00
Received cash from customer

16-Jun Accounts Payable 500.00

Purchase Returns & Allowances 500.00
returned deffective merchandise
purchased

Signhania,
21-Jun 3,500.00
Drawing
Cash 3,500.00
Mr Sanjay Singhania's cash withdrawal

25-Jun Accounts Payable 6,560.00

Cash 6,560.00
paid its account

28-Jun Cash 15,000.00

Sales 15,000.00
Sold merchandise

30-Jun Salaries Expense 3,000.00

Advertising
1,500.00
Expense
Rent Expense 2,000.00
Cash 6,500.00
Paid various expenses