Journal Entry Problem No - 7

Date	Particular	Amount
1-Feb	Sales	6000
2-Feb	Sold Furniture	3500
4-Feb	Cash Purchase	1500
5-Feb	Sold goods for Cash	1800
7-Feb	Sold goods to Rajesh on Credit	3800
8-Feb	Purchased goods for cash from Krishna Kanth	1440
10-Feb	Bought Plant	15000

	Resolution	What we Taking/Receiving/Expenditure	What We Giving/Giver/Income
1-Feb	We sold goods and received cash	Cash (received)	Sales (Income)
2-Feb	Sold Furniture and given Cash	Furniture (received)	Cash (Given)
4-Feb	Purchase and paid cash	Purchased goods	Cash (Given)
5-Feb	Goods sold and received cash	Cash (received)	Sales (Income)
7-Feb	sold goods to rajesh - not for cash for credit	Rajesh (receiver)	Sales (Future income)
8-Feb	Purchase and paid cash (party name not required)	Purchased goods	Cash (Given)
10-Feb	Plant purchased and paid cash	Plant (Taken)	Cash (Given)

Date	Particular		L.F	Debit	Credit
1-Feb	Cash A/c			6000
		To Sales			6000
2-Feb	Furniture A/c			3500
		To Cash			3500
4-Feb	Purchased A/c			1500
		To Cash			1500
5-Feb	Cash A/c			1800
		To Sales			1800
7-Feb	Rajesh A/c			3800
		To Sales			3800
8-Feb	Purchased A/c			1440
		To Cash			1440
10-Feb	Plant A/c			15000
		To Cash			15000