Shareholders purchased 500,000 shares (each share for Rs 10) in January and interim dividend is paid at the rate of Rs 2.0 per share in June and final dividend in December at the same rate.

In March, the company made sales of Rs 180,000 and received 150,000 in cash. The remaining amount was received in April. A sale for similar terms was made in November for Rs 180,000.

The company pays following in cash: Rs 20,000 gas bill, Rs 35,000 travelling, Rs 10,000 for everyday supplies.

The company purchased machinery making advance payment of 25% in Feb, machinery was received in June and remaining payment was made in August. Machinery value : Rs 500,000

Company has obtained a building on rent in March for Rs 50,0000 per month but has not paid till end of May when the complete payment is made. Pass Journal entries for march, april and may.

The Company obtained a loan from the bank in June amounting to Rs 1,000,000 and missed the first installment due in December. The loan is repayable in 8 equal installments.

Salaries for January have been paid in advance as a new year present to employees amounting to Rs 75,000.

Sales made in December amounting to Rs 50,000 but cash not received.

Total entries : ~16~

solve the above questions kindly do mention each step in detail

ABC Company General Ledger CASH BOOK 2019 2019 35,000 April Rs April L Balance b/d LCheque customer X 9Cheque-customer Y 29 Cheque customer Z Rs Payment customer P 25,000 10,000 upPayment customer Q SUPPLIE 20 Payment eustemer R 14,000 15,000 12,000 20,000 30 Balance c/d 29,000 80,000 80,000 Bank Statement ABC Company Withdrawals Deposits Balance 2019 Rs Rs April tBalance b/d 6Cheque deposit customer X V8Cheque payment customer P 35,000 10,000 45,000 25,000 20,000 21Cheque desposit customer Y 15 Cheque payment customer P 30 Bank Charges 15,000 35,000 14,000 21,000 150 20,850 Notes: Cheque of customer Z has bounced and bank has returned the cheque to the Company Required: Perform ticking for Bank Statement and Cash Book for unreconciled items Prepare Bank Reconciliation i.e. adjusted cash balance and adjusted bank balance which should match Pass Journal entries in Journal Ledger where required 2 Proxy Luie Genesal Ledger CASH BOOK 2019 Cheque of customer Z has S 2019 25,000 April 1 Balance b/d 4Cheque customer X 9 Cheque customer Y n Cheque-customer T 28 Cheque-customer Payment supplier P 25,000 bounced and bank has April 6 returned the cheque to the 10,000 12 Payment supptlier Q 14,000 Company 20 Payment supplier R 12,000 15.000 Payment for car lease 8,000 12.000 25 30 Balance c/d 23,000 2.000 82000 82,000 Perform ticking for Bank Statement and Cash Book for unreconciled items Bank Statement 4 Proxy Limited Balance Prepare Bank Reconailiation Deposits Withdrawals Le. adjusted cash balance and Rs Rs 2019 adjusted bank balance which 25,000 1Balance b/d April should match 35,000 10,000 SCheque deposit customer X SCheque payment supplier P 11 Cheque deposit customer Y 14 Cheque deposit customer T 25 Cheque payment supplier Q 21 Cheque payment supplier R 30 Bank Charges 10,000 25,000 25,000 15,000 37,000 12.000 Pass Journal entries in Journal 23,000 14,000 Ledgerwhere required 11.000 12.000 20,910 90