Journal Entry No - 4

Journal Entry Problem 4

Date	Particular	Amount
1-Feb	Commenced Business with Cash	40000
2-Feb	Sold goods to Sita	12000
3-Feb	Purchased Furniture	3000
4-Feb	Bought goods from Ranga	560
5-Feb	Paid Salaries	1800
9-Feb	Received Interest	1750

Resolution		What we Taking/Receiving/Expenditure	What We Giving/Giver/Income
1-Feb		Cash (We receiving)	Capital (Owner giving)
2-Feb		Sita (Receiving goods)	Sales (Income)
3-Feb		Furniture (We receiving)	Cash (We Giving)
4-Feb		Purchase (We receiving goods)	Ranga (Giver)
5-Feb		Salary (Expenditure)	Cash (We Giving)
9-Feb		Cash (We receiving)	Interest (Income)

Date	Particular		L.F	Debit	Credit
1-Feb	Cash A/c			40000
		To Capital A/c			40000
2-Feb	Sita A/c			12000
		To Sales			12000
3-Feb	Furniture A/c			3000
		TO Cash			3000
4-Feb	Purchased A/c			560
		To Ranga			560
5-Feb	Salaries A/c			1800
		To Cash			1800
9-Feb	Cash A/c			1750
		To Interest			1750