Accounting General Journal Entries
Question And Answer
Question No 2 of Journal Entries.
July 1 Purchase Office Furniture on Cash Rs:10,000.
July 5 Purchase merchandise on cash Rs:18,000.
July 9 Purchase goods on Cash Rs:35,000.
July 13 Sold merchandise on cash Rs :20,000
July 17 Purchase merchandise on Cheques Rs:14,000.
July 25 Sold goods on cash Rs:15,000.
Required: Prepare entries in standard form of General Journal.
Journal Entries
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Date
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Particular
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P/R
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Debit
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Credit
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Jul-01
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Furniture
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10,000
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Cash
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10,000
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(To record purchased furniture on cash)
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Jul-05
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Purchases
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18,000
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Cash
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18,000
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(To record purchased merchandise )
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Jul-09
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Purchases
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35,000
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Cash
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35,000
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(To record purchased goods on cash)
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Jul-13
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Cash
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20,000
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Sales
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20,000
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(To record sales merchandise)
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Jul-17
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Purchases
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14,000
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Bank
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14,000
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(To record purchase
merchandise )
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Jul-25
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Cash
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15,000
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Sales
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15,000
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(To record sales goods)
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