Additional Details : Pran Company Capital is 50000rs .

Prepare the Journal , Ledger and Trial Balance with Table

Illustration: Enter the following transactions in the Journal of Pran, post to the Ledger and prepare a Trial Balance. January 20X1 Rs. 1. Assets on hand: Cash Rs.630; Cash at Bank Rs.23,100; Stock of Goods Rs.26,400; Mohanratta & Co. Rs.6,750 Liabilities: Marathi & Co. Rs.3,880; Ram & Sons Rs.3,000 2. Received a cheque from Mohanratta & Co. in full settlement 6,650 3. Sold goods to Dass & Co. 1,400 4. Sold goods to Jai Chand & Sons 1,440 Carriage paid in cash 35 Sold goods for cash 3,120 5. Bought goods from Ram & Sons on credit 4,000 5 SPaid Marathi & Co. by cheque in full settlement 6. Bought goods from Chatterjee and Mukherjee 3,800 7. Dass & Co. returns goods, not being up to standard 6,300 100 Traveling expenses paid to salesman 147 Goods sold for cash 800 10. Paid for stationery in cash 66 Postage stamps 15 13. Returned defective goods to Chatterjee and Mukherjee 300 Chatterjee and Mukherjee (admit claim for breakage of goods) 100 15. Paid for furniture by cheque 700 . Goods used personally by proprietor 50 17. Sold goods to Mohanratta & Co. 5,000 19. Dass & Co. pay by cheque 1,300 20. Cheque received from Jai Chand & Sons 1,440 22. Bank advises that Jai Chand & Sons cheque returned unpaid 23. Sold goods to Ajay for cash 800 24. Cash deposited with bank 2,000 27. Cheque sent to Chatterjee and Mukherjee 5,850 (Discount allowed Rs.50) 29. Paid telephone charges 23 31. Paid salaries in cash 600 Paid rent in cash 300 Bank charges 10 Drew for personal use out of bank 500 Received claim from Mohanratta & Co. for defects 150 in goods supplied to them; claim admitted olution