IV.

Journalize the following transactions, Post them into ledger account and Prepare a Trial

Balance

2015

March - 1 Commenced business with cash Rs.1,00,000

March - 2 Purchased goods for cash Rs. 25,000

March - 3 Purchased furniture for cash Rs. 6,000

March - 5 Purchased goods from Suresh on credit Rs. 5,000

March - 7 Sold goods for cash Rs. 30,000

March - 10 Sold goods to Mahesh on credit Rs. 25,000

March - 12 Returned goods to Suresh Rs. 500

March - 13 Mahesh returned us goods worth Rs. 500

March -15 Paid Rs. 4,450 to Suresh by cheque in full settlement of his account

March - 20 Received a cheque of Rs. 24,450 from Mahesh and gave a discount of Rs. 50

March - 25 Withdrew cash for personal use Rs. 2,500

March - 28 Paid rent of Rs. 5,000 and Salary Rs. 6,000 by cheque