Journal Entry Problem 3

Journal Entry Problem 3

Date	Particular	Amount
1-Dec	Hussain & Co. Commenced business with
	Furniture	20000
	Cash	80000
3-Dec	Sales	15000
4-Dec	Purchase	8000
5-Dec	Sold goods to Maruti	15000
6-Dec	Bought good from Radha	6000
7-Dec	Sold goods to Gagan for Cash	8000
9-Dec	Ramakrishna Returned goods	2000
11-Dec	Commission Received	500
14-Dec	Lighting Expenses	700
15-Dec	Remitted cash to Prasad	600
16-Dec	Returned goods to Mohan	850
17-Dec	Taken goods for domestic use	400
18-Dec	Repairs	200
22-Dec	Cash received from Ramdas	9800
	Discount Allowed	200
24-Dec	Interest Received	2500
26-Dec	Stationery Expenses	750
28-Dec	Paid cash to Mukunda	8000
	Discount Received	150
29-Dec	Bought Goods from Padma for Cash	5500
30-Dec	Sold goods to Raju	2500
31-Dec	Cash Paid to Vijay	1000

Date	Particular		L.F	Debit	Credit
1-Dec	Cash A/c			20000
	Furniture A/c			80000
		To Capital A/c			100000
3-Dec	Cash A/c			15000
		To Sales A/C			15000
4-Dec	Purchase A/c			8000
		To Cash A/C			8000
5-Dec	Maruti A/c			15000
		To Sales A/c			15000
6-Dec	Purchase A/c			6000
		To Radha A/c			6000
7-Dec	Cash A/c			8000
		To Sales A/C			8000
9-Dec	Sales Return a/c			2000
		To Ramakrishna A/c			2000
11-Dec	Cash A/c			500
		To Commission Received			500
14-Dec	Lighting Expenses A/c			700
		To Cash A/C			700
15-Dec	Prasad A/c			600
		To Cash A/C			600
16-Dec	Mohan A/c			850
		TO Purchased Return			850
17-Dec	Drawings A/c			400
		To Stock A/c			400
18-Dec	Repairs A/c			200
		To Cash A/C			200
22-Dec	Cash A/c			9800
	discount allowed a/c			200
		To Ramdas A/c			10000
24-Dec	Cash A/c			2500
		To Interest Received			2500
26-Dec	Stationery Exp A/c			750
		To Cash A/C			750
28-Dec	Mukunda A/c			8000
		To Cash A/C			7850
		To Discount Received			150
29-Dec	Purchase A/c			5500
		To Cash A/C			5500
30-Dec	Raju A/c			2500
		To Sales A/C			2500
31-Dec	Vijay A/c			1000
		To Cash A/C			1000