August

$2023$

Transactions

$1$ Started Business With $ $730,000$ cash $$950,000$ Bank and Building worth $

$2,990,000$

$2$ Bought Soya beans worth $ $90,000$ from Orgotech on credit

$3$ Bought Soya Milk worth $ $120,000$ from Soyafam on credit

$4$ Bought Chiller from Agritech Worth $ $200,000.$

$5$ Sold soya beans worth $ $30,000$ for $ $100,000$ in cash

$6$ Due to Faulty Chiller Soya milk worth $ $50,000$ got completely destroyed. The

complaint was made with Agritech and chillers worth $ $100,000$ returned to

Agritech

$7$ Soya Milk worth $ $20,000$ had Taste problem due to faulty chiller and was sold for

$ $15,000$ payment received by cheque $.$ Soya beans worth $ $30,000$ were sold for $ $80,000$ payment received by cheque

$7$ Bought Dougan $,$ Koya$-$dofu and Fermented bean paste worth $$50,000,$ $ $20,000$ and$ $30,000$ on credit from $$Davenport $$ Farm house on credit

$8$ Bought Natt$,$ Soup soy sauce and Soy yogurt worth $ $25,000,$ $$35,000$ and $

$60,000$ on credit from $$ Herblife Products$$ The vendor allowed a trade discount

of $35\%$

$8$ Sold Soya Bean worth $ $30,000$ for $ $70,000$ in cash. Soya Milk worth $ $50,000$

was sold on credit to Mr Jash for $ $70,000.$

$9$ The Agritech co offered a cash discount of $$50\mathrm{.}000$ and remaining payment was

made on cash $.$ Orgotech liability was paid by cash $ $90,000.$ Soyafam Liability of

$ $120,000$ was settled by bank.

$10$ Sold Natt$,$ Soup soy sauce and Soy yogurt all inventory on credit to the Happy

Cow Family company on $90$ days credit.

$10$ Mr$.$ Jash paid $ $70,000$ in cheque

$11$ The Koya$-$dofu and Fermented bean paste worth $5,000$ and $$10,000$ was

defected and returned to Davenport $$ Farm house

$15$ Record salaries payable to employees worth $$55,000$

$16$ Record Investment income worth $$90\mathrm{.}000$ from Cosby Bank

$18$ Herblife Products$$ offered us a cash discount of $40\%$ and Dunkin & McGregor

company availed this discount

$20$ Record Depreciation on building using straight$-$line method $,$ the useful life of

building is $30$ Years

$22$ Davenport $$ Farm house allowed us a cash discount of $25\%$ and Dunkin &

McGregor company availed this discount

$25$ Depreciate chillers on Diminishing balance method on $5$ years charging the usage

rate to $60\%,$ based upon this working pas proportionated pro rata Depreciation

entry for august

$28$ Record Bad debt entry for Happy cow family of $$20000$

$30$th We offered cash discount Happy cow family of $55\%,$ which was availed by them paying us by Bank. Question : Prepare double entries, t$-$accounts and trial balance using the bove given transactions