5.Raju started business on 1st January 2013. You are required to pass entries, i ...

5.Raju started business on 1st January 2013. You are required to pass entries, in journal, post them in ledger and prepare trial balance for January 2013. His transactions for the month were follows: 2013 Rs. Jan.1 Cash brought in by Raju as his capital 2,00,000 Furniture purchased on credit from Nuluk Furniture Home 25,000 ” 2 Goods purchased from Modi & Sons on credit 61,400 ” 3 Goods purchased for cash 35,000 ” 4 Goods purchased from Delhi Traders on credit 73,300 ” 5 Cash sales 4,600 ” 8 Sold goods to Bhatia & Co. on credit 19,860 ” 11 Purchased stationery for cash 1,050 ” 12 Paid Modi & Sons cash to settle account Received 5% discount from the firm ...... ” 13 Received from Bhatia & Co. in full settlement of account 19,800 ” 17 Cash sales 10,700 ” 18 Sold on credit to Ganesh & Co. 5,000 ” 19 Received cash from Ganesh & Co. 1,000 ” 21 Sold on credit to Hoshiar Singh 4,000 ” 23 Purchased goods for cash 26,000 ” 27 Hoshiar Singh becomes insolvent. A first and final dividend of Rs. 3,000 is received from his estate ” 31 Ganesh & Co. pays cash 3,900 ” 31 Discount allowed to Ganesh & Co. 100 ” 31 Cash paid for rent 2,800 ” 31 Depreciation on furniture 250 ” 31 Payment to Delhi Traders in full settlement 73,000