Journalize the following transaction:
Journalize the following transaction:
1996 Rs
Jan. 1 Assets Cash 630
Cash at bank 23,100
Stock of goods 26,000
Mohan and Co. 6,750
Rs
Jan. 1 Liabilities: Marathi and Co. 3,880
Ram 3,000
Jan. 2 Received cheque from Mohan and Co. in full settlement,
Cheque deposited in bank 6,650
3 Sold goods to Dass 1,400
4 Sold goods to Jai Chand 1,440
Carriage paid 35
Sold goods to Govind for cash 3,120
" 5 Bought goods from Ram 4,000
Paid Marathi and Co. by cheque in full settlement 3,800
" 6 Bought goods from Chatterjee 6,300
" 7 Dass returned goods, not being up to standard 100
Travelling expenses paid to salesman 147
Goods sold for cash 800
" 10 Paid for stationery 66
" Postage stamps 15
" 13 Returned goods to Chatterjee (not being up to specifications) 300
(Chatterjee also admits claim for breakage of goods) 100
" 15 Paid for furniture by cheque 700
4
" 16 Goods used personally by proprietor 50
17 Sold goods to Mohan and Co. 5,000
" 19 Dass pays by cheque 1,300
" 20 Cheque received from Jai Chand 1,440
" 22 Bank advises Jai Chand’s cheque returned unpaid
23 Sold goods for cash 800
24 Cash deposited with bank 2,000
" 27 Cheque sent to Chatterjee (discount allowed Rs 50) 5,850
" 29 Paid telephone charges 23
31 Paid salaries 600
Paid rent 300
Bank charges 10
Drew for personal use from bank 500
Received claim from Mohan & Co. for defects in goods
Supplied to them: claim admitted 150
