UNTS PAPER SHOULD BE MAILED (ONLY AFTER MAKI CLEAN PDF) TO TESTGOPALBHOOT@GMAIL.COM 2 Pass a journal entries in the following cases. (1) A running business was purchased by Mohan with following assets and liabilities: Cash 12,000, Land 24,000, Fumiture 6,000, Stock 12,000, Creditors 6,000, Bank Overdraft 12,000. (ii) Goods distributed by way of free samples, *6,000. (ii) Purchase of goods from Naveen of the list price of 12,000. He allowed 10% trade discount, 300 cash discount was also allowed for quick payment. (iv) Income tax liability of proprietor 10,200 was paid out of petty cash. (v) Sumit became an insolvent and could pay only 50 paise in a rupee. Amount due from him 3,600. You are required to pass necessary journal entries in the books of Kewal: (5 Marks) (i) Cheque amounting 9,000 from Hari Krishan in full settlement of his account for 10,000. (ii) Withdrawn for personal use: Goods (Sales Price 8,000, Cost 6,000), cash *1,000 (iii) Goods costing *3,000 (Sale price 4,000) distributed as free samples. (iv) Received commission 10,000, half of which does not relate of current year and is received in advance. (v) Purchased second hand machinery from Jawahar for $30,000 against a cheque. Goods of 12,000 (Cost 9,000) used in repairs of this machinery which is necessary to make it ready for working. (5 Marks) T+ [ Edit Annotate Fill & Sign Conver All t