Question
Following are some of the transactions of Zee Store for the month of July,2018 July 01 Mr. Zee invested Rs. 285,000 in cash. 01 Purchased
Following are some of the transactions of Zee Store for the month of July,2018
July
01 Mr. Zee invested Rs. 285,000 in cash.
01 Purchased shop building on cash worth Rs.150, 000.
02 Purchased shop furniture on cash Rs. 26,500.
03 Purchased shop equipment on cash Rs. 15,000.
05 Purchased merchandise on cash Rs. 22,550.
05 Paid transporting expenses Rs.150.
07 Purchased merchandise on credit from J. & Sons Rs. 17,850.
07 Paid transporting Rs.90.
10 Sold merchandise on cash Rs. 9,350.
13 Sold merchandise on credit to P. & Co. Rs.16, 425.
16 Received commission revenue Rs.2, 660.
19 Purchased shop furniture on cash Rs. 9,750.
22 Paid for merchandise purchased Rs. 13,670
24 Received on account of cash sales Rs14,860:
26 Paid for transporting merchandise purchased on July 22, Rs.80.
27 Received cash from P. &Co. Rs.9, 425.
28 Paid cash to J. & Sons Rs. 8,850.
30 Paid salaries to employees for the month Rs. 6,250.
Required: PREPARE GENERAL JOURNAL, GENERAL LEDGER RUNNING BALANCING FORMAT
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