Question
1. The following transactions occurred for trader On 1st January, 2021, the following were the ledger balances of Rajan and Co. (kshs.) Cash in hand
1. The following transactions occurred for trader On 1st January, 2021, the following were the ledger balances of Rajan and Co. (kshs.) Cash in hand 900; Cash at bank 21,000 Soni (Cr.) 3,000 Zahir (Dr.) 2,400 Stock 12,000 Prasad (Cr.) 6,000. Transactions during the month the month of January Jan. 2 Bought goods from Prasad 2,700 Jan.22 Paid cash for stationery 50 Jan.3 Sold to Sharma 3,000 Jan.29 Paid to Prasad by cheque 2,650 Jan.5 Bought goods from Lall for cash paid by cheque 3,600 Jan.7 Took goods for personal use 200 Jan. 30 Provide interest on capital 100 Jan.13 Received from Zahir in full Settlement 2,350 Jan. 30 Rent due to landlord 200 Jan.17 Paid to Soni in full settlement 2,920 Required Prepare the Journal, Ledgers and Trial Balance from above information
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