1) Journal Entries , April 2016 In the books of M/s Kothari & Sons Date Particulars Debit Credit Apr 1 Cash $ 40,000.00 Capital $ 40,000.00 (To record cash received from capital) Apr 4 Purchases $ 4,000.00 Cash S 4,000.00 (To record purchase of goods) Apr 7 Cash S 700.00 Sales S 700.00 (To record cash received from sales) Apr 10 Purchases $ 2,700.00 M/s Bahndari Bros. $ 2,700.00 (To record purchase of goods[3000*90%]) Apr 14 Machinery $ 5,000.00 M/s Kirloskar Bros. 5,000.00 (To record purchase of machinery) Apr 16 Transportation $ 500.00 Installation charges 300.00 Cash S 800.00 (To record payment of exp) Apr 16 Machinery S 800.00 Transportation S 500.00 Installation charges S 300.00 (To record capitalisation of machine) Apr 20 Interest expense S 150.00 Cash S 150.00 (To record Interest payment[5000*12%*3/12]) Apr 24 M/s Kunal & sons $ 3,500.00 Sales $ 3,500.00 (To record sales of goods) Apr 27 M/s Bahndari Bros. $ 2,700.00 Discount received S 100.00 Cash $ 2,600.00 (To record payment of exp) Apr 29 Cash S 250.00 Commision income S 250.00 (To record receipt of commission) Apr 30 Travelling exp S 450.00 Cash S 450.00 (To record conveyance exp paid)