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  • Journal Entry - Exercise 2

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    Andrea Batholomeo
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    The document contains details of various business transactions made by the owner between June 1st and 30th including purchasing and selling goods, receiving and making payments to suppliers, paying expenses like wages, insurance and advertisements, and earning interest and commission income. Transactions are recorded with date, details, amount and corresponding journal entry codes.

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    The document contains details of various business transactions made by the owner between June 1st and 30th including purchasing and selling goods, receiving and making payments to suppliers, paying expenses like wages, insurance and advertisements, and earning interest and commission income. Transactions are recorded with date, details, amount and corresponding journal entry codes.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    46 views1 page

    Journal Entry - Exercise 2

    Uploaded by

    Andrea Batholomeo
    The document contains details of various business transactions made by the owner between June 1st and 30th including purchasing and selling goods, receiving and making payments to suppliers, paying expenses like wages, insurance and advertisements, and earning interest and commission income. Transactions are recorded with date, details, amount and corresponding journal entry codes.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 1

    Exercise 2

    Date Statement/Particulars Amount Entry


    01/06/2017 Started business with cash 1,00,000/- F6
    02/06/2017 Purchased cash 48,000/- F9
    05/06/2017 Sold goods to Vashudev 10,000/- F8
    06/06/2017 Return goods by Vashudev 1000/- Ctrl+F8
    07/06/2017 Received cash from Vashudev 8800/- F6
    Discount allowed to him 200/-
    09/06/2017 Chandrakanta sold goods to us 20,000/- F9
    10/06/2017 Pritam purchased goods from us 12,000/- F8
    12/06/2017 Paid insurance premium 1000/- F5
    14/06/2017 Paid cash to Chandrakanta 13,780 F5
    Discount allowed by him 220/-
    18/06/2017 Brought goods from Pawan 20,000/- F9
    TD (Trade Discount) 20%
    CD (Cash Discount) 4%
    20/06/2017 Paid cash to Pawan 5000/- F5
    21/06/2017 Received cash from Pritam 6000/- F6
    22/06/2017 Paid wages 500/- F5
    Paid Advertisment 250
    Paid Salary 5000/-
    28/06/2017 Received interest 1000/- F6
    30/06/2017 Received comission 500/- F6

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