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The following transactions were completed by M & M Traders during the month of March, 2019: 3 5 6 8 12 15 17 18 19
The following transactions were completed by M & M Traders during the month
of March, 2019:
3
5
6
8
12
15
17
18
19
19
23
27
28
Larah invested Rs. 1,86,000 in starting of M&M Traders.
Purchased merchandise from Lassen Company Rs.6,000
Sold merchandise on account Rs.12.000 to Casio.
Sold merchandise to Feroz Company of Rs.20,000 and received Rs.7,200 cash.
Purchased Store Supplies from Niacin & Co Rs.2,100
Feroz Company returned merchandise for Rs.1,200.
Paid for insurance Rs.2.800
Received cash from Feroz Company Rs.6,000
Paid to Lassen Company Rs.3,000
Bought Furniture cash Rs.18,000.
Bought equipment from Bill Traders Rs.5,000.
Withdraw cash for purchase of computer for personal use Rs.1,000
Returned merchandise to Lassen Company Rs.900.
Paid salaries Rs. 12,000.
REQUIRED: Record the above transactions in the General Journal. Give
explanation below each entry.
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