Finally the day has come when Debjit can leave his 7–9 boring job of one of the blind alley of North Kolkata. Debjit always dreamt of having his own organization. But lack of capital and business contacts had made him to operate his business only in dreams. But yesterday’s sudden contact with Ohio Matshuhita from Japan has given him enough courage to start “Debjit Rose Trading Company”. Debjit was an Agricultural graduate and did not appreciate the nuances of accounting.

The following are the transactions happened in first two weeks of his business. Please help him to enter these transactions in the journal (including cash transactions).

Required:

Please record all the transactions in the journal and post them to the ledger.

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● Janl: ● Janl: • Jan 2: ● Jan 3: • Jan 5: ● Jan 6: Debjit brought his personal savings of 2 lakh to the business as share capital. He took an office space in Ballygunge area after negotiating a rent of ₹5,000 per month. But getting this space itself cost him ₹50,000 as Salami³ (a one time payment which is never recovered). He purchased two computers from near by store and paid 20,000 which is just 50% of the entire price. The shopkeeper assured Debjit that he can pay the rest as and when revenue starts flowing. He recruited Anish, a pass out from St. Xavier, at 10,000 per month. The most significant day in Debjit's life, he got the order (as promised by Matshuhita) of 75,000 at CIF. Debjit traveled to Bagnan (a place in Howrah district) for sourcing quality rose. The expenditure came out as 500. On that day he purchased a wonderful doll worth 100 for his daughter and to memorize the initiation of business. • Jan 10: Debjit received the roses at a cost of 25,000. He paid the entire amount by cash and got a cash discount of 0.5%.