Prepare Journal, Ledger and trial Balance of the following transactions:

2017
Question No 1
March 1 . Mr steward started business with $ 80000 cash . Machinery $ 10,000 and
Stock $ 40,000
March 4 Deposited into bank $ 45000
March 9 Bought goods on credit from Nelson & Sons $ 20000
March 14 Sold Goods to ABC for $ 12000
March 16 Good purchased were returned to Nelson & Sons $ 2000
March 25 issued a cheque to Nelson & Sons $ 17800 in full settlement of his accounts.
March 30 . Received cash from ABC $ 11750 in full settlement of his account.
March 30 Paid salaries $ 5000 and Bills $ 3000 by Cheque.

Question No 2
May 1 Business started with cash $ 100000
May 4 Goods purchased for cash from $ 30000
May 6 Goods purchased were returned. Worth $ 5000
May 7 Sold goods to Ray $ 10000
May 14 Paid Salaries by cash $ 5000
May 16 . Ray return the goods amounting
$ 4000
May 20 Commission received $ 450
May 28 Cash received from Ray in full settlement of account $ 5800.

Question No 3
Feb. X commenced business with a capital of $15,000
3
05 Purchased good $6,000
07 Purchased goods on credit from S & Co. $3,000
10 Purchased furniture $2,400
11 Sold goods $3,900
15 Sold goods on credit to D $2,250
20 Paid salaries $960
25 Received commission $75
26 Returned goods to S & Co. $600.
27 Returned goods by D $450
28 Received from D $1,650 and allowed discount of $ 150
28 Paid to S & Co. $ 2200 in full settlement of his account.
28 X withdrew from business $900 for personal use.
Question No 4
1 - Business started with cash 8,000 and plant & machinery 3,000.
2 - Stock purchase for sale (cash purchase)= 3,000, credit purchase = 5,000
3 - Wages paid 120,000 by cash
4 - Salary paid 110000
5 - Sale made for cash 600,000 & on credit 800,000.
6. Received cash from the debtor 500,000.

Question No 5
1- Invested Cash 100,000 , Building 75000 and furniture 25000.
2- Purchased goods for cash 44000.Subject to trade discount 10%.
3- Purchased goods from Ali & Sons for 5000
4- Sold goods on account to ABC 8000
5- Received Cash from ABC 7800 and discount allowed 200
6- Paid cash to Ali & Sons in full settlement of account 4750
7- Received Commission 1200
8. Paid Salaries 1000 Paid rent 600 and repairing charges Rs 400
9- Goods taken away by the owner 350 for personal use.