Question : Pass the journal entries for the following. May 2013 Date 1 : Set up the entity with capital in cash Rs. 2,500,000. 2 : Bought good on credit from the following supplies : The Bushes company Rs. 5,40,000, Flower city Rs. 8,70,000, D Gibson Rs. 2,50,000, Weedkill Rs. 7,60,000, T greenery Rs. 6,40,000 3 : Sold goods on credit to : The office company Rs. 4,30,000, V Cork Rs. 6,40,000, Texas Chain Stores Rs. 17,60,000. 4 : Paid rent Rs. 1,20,000. 5 : The office company paid the Rs. 4,30,000 that it owed. 6 : Texas Chain Stores paid Rs. 15,00,000. 7 : The following payments were made : to D Gibson Rs. 2,50,000, and to The Bushes Company 5,40,000. 8 : Advertising costs of Rs. 2,30,000 were paid to the Local news Publisher. 9 : Bought goods on credit from the following suppliers : The Bushes Company Rs. 4,30,000, Landscape 11,00,000. 10 : Sold good on credit to Public Parks Rs. 6,70,000. 11 : Paid rent Rs. 1,80,000
Question : Pass the
May 2013
Date
1 : Set up the entity with capital in cash Rs. 2,500,000.
2 : Bought good on credit from the following supplies : The Bushes company Rs. 5,40,000, Flower city Rs. 8,70,000, D Gibson Rs. 2,50,000, Weedkill Rs. 7,60,000, T greenery Rs. 6,40,000
3 : Sold goods on credit to : The office company Rs. 4,30,000, V Cork Rs. 6,40,000, Texas Chain Stores Rs. 17,60,000.
4 : Paid rent Rs. 1,20,000.
5 : The office company paid the Rs. 4,30,000 that it owed.
6 : Texas Chain Stores paid Rs. 15,00,000.
7 : The following payments were made : to D Gibson Rs. 2,50,000, and to The Bushes Company 5,40,000.
8 : Advertising costs of Rs. 2,30,000 were paid to the Local news Publisher.
9 : Bought goods on credit from the following suppliers : The Bushes Company Rs. 4,30,000, Landscape 11,00,000.
10 : Sold good on credit to Public Parks Rs. 6,70,000.
11 : Paid rent Rs. 1,80,000
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