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1. Journalise the following transactions of Robert in its books of accounts and prepare a trial balance for the same. Date Particulars Amount ($) 2020

1. Journalise the following transactions of Robert in its books of accounts and prepare a trial balance for the same.

Date Particulars Amount ($)
2020
Jan-01 Robert started business with cash 50000
Feb-02 Purchased furinture for business 6000
Mar-04 purchased goods from style industries for cash 12500
Apr-05 Purchased goods from silk emporium 6000
Apr-05 purchased goods from cotton industries 8000
Apr-08 returned goods to cotton industries 500
May-10 paid cash to cotton industries, less 2% cash discount in full settlement of their account
May-12 Sold goods to trendz Ltd. 9600
May-16 Cash withdrew for personal use 400
Jun-18 Paid to silk emporium 1950
Discount received 50
Jun-19 Purchased goods from silk emporium 3000
Aug-20 Received cash from Trendz Ltd. 6380
Discount Allowed 120
Aug-22 Sold goods to trendz Ltd. 2000
Oct-24 sold goods to Fashion Hub for cash 5000
Oct-25 Sold goods to Myra Fashions & allowed them 10% trade discount 7500
Nov-30 paid salaries 1200
Nov-30 general expenses paid 800
Nov-30 paid wages 180
Dec-30 Depreciation on Furniture @ 10% p.a

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