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Do Journal, Ledgers and Trial balance of all these transactions. Your trial balance must be same. Cash brought in by proprietor as capital Rs. 500000

Do Journal, Ledgers and Trial balance of all these transactions. Your trial balance must be same.

  1. Cash brought in by proprietor as capital Rs. 500000
  2. Goods purchased on credit from Rehan Rs. 300000
  3. Furniture purchased for cash Rs. 200000
  4. Rent paid for Shop to Landlord Rs. 50000
  5. Commission received in cash Rs. 100000
  6. Cash withdrawn from bank for investment use Rs. 400000
  7. Loan taken Rs. 250,000
  8. Interest on Loan due but not paid in cash. Rs. 800,000
  9. Paid Salaries Expense Rs 600,000
  10. Services are performed in Town and clients are billed for 20,000
  11. Ali started business with capital of Rs. 150,000 and Land worth Rs. 50,000
  12. Monthly insurance has been paid by cheque Rs. 40,000
  13. Purchased Land for Rs. 700,000, Paid Rs. 300,000 by cheque and remaining Rs. 400,000 is still to be paid.
  14. Received discount Rs. 40,000 and Commission Rs. 200,000
  15. Loan taken from Bank of Rs. 600,000 for Business in Town. Rs 500,000 withdrawn for business and remaining in the bank account.

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