Prepare Accounting Equations, Journal, Ledgers and Trial Balance

1. Mr. X started Business with Cash Rs. 1,00,000, Bank Rs. 50,000 Stock Rs. 40,000

2. Purchased from Y goods worth Rs. 20,000

3. Wages paid Rs. 2,000

4. Paid a bill to Y for 5 months for the goods purchased from him on credit

5. Sold goods worth Rs. 30,000 to Z at Rs. 45,000

6. Z paid 1/3 in cash and the remaining in through cheque.

7. Goods worth Rs. 2000 distributed as free samples.

8. Salaries paid for the month Rs. 10,000