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1. Please pass the necessary journal entries: 1. Cash Sales $ 100.00 wrongly debited to Party account. 2. Accumulated Depreciation for $ 250 of Plant
1. Please pass the necessary journal entries: 1. Cash Sales $ 100.00 wrongly debited to Party account. 2. Accumulated Depreciation for $ 250 of Plant & Machinery wrongly passed to the account of Furniture & Fixture. 3. Provision for electricity & telephone expenses for $ 50 & $ 60 respectively, 4. Provide total Bad Debts for the year 2018 @5% against Receivables $ 100,000.00 Balance in Provision for Bad Debts A/c S 2000.00 5. Vehicle purchased on 01-01-2017 for $ 50,000.00, sold for $ 32,000.00 on 31- 12-2019. Depreciation provided on WDV basis @ 10% p.a. Find profit / loss and pass the entry for the same 6. Fixed Deposit @ 5% p.a. for 6 months $ 250,000.00 matured on 30-06-2019. 7. Commission @50 cents per unit sold is paid to salesman on a monthly basis. Number of units sold by Salesman A 1500 & B 2600. 8. 100 Units sold @ $ 10 per unit to Mr. D on 01-01-2019. Mr. D, returned 10% units as damaged goods. 9. Cheque deposited in bank $ 150 now returned. 10. Freight charges $ 50, paid on behalf of Mr. C adjusted against payments to be made to him for $200. 11. $ 10,000 transfer from Bank A to Bank B. Bank charges charged by Bank A $ 5/- 12. Annual factory rent of $ 12,000/- includes 3 months rent for the next financial period. 13. Outstanding electricity expense of $ 50 for the year 2017 paid in the year 2019. 14. $ 150 charged excess by the bank, now reversed
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