| 1-Apr |
Michael started business with cash 600,000, cash at Bank of America 700,000, furniture 200,000. |
| 1-Apr |
Purchased Plant & Machinery worth 250,000 by cheque. |
| 25-Apr |
Purchased goods from ABC Ltd worth 800,000 @10% trade discount. |
| 5-May |
Cash Sales 1,000,000 @5% trade discount to XYZ Traders |
| 15-May |
Deposited cash with Bank of America 500,000. |
| 5-Jun |
Paid ABC Ltd 300,000 in cash. |
| 10-Jun |
Received commission 75,000 by cheque. |
| 25-Jun |
Cash Purchases 250,000. |
| 5-Jul |
Sold goods to XYZ Traders 475,000. |
| 15-Jul |
Received 275,000 by cheque from XYZ Traders. |
| 5-Aug |
Loan taken from Bank of America 200,000 |
| 25-Aug |
Purchased goods from ABC Ltd 50,000. |
| 27-Aug |
Withdrew cash from bank 10,000. |
| 5-Sep |
Received commission 55,000 in cash. |
| 10-Sep |
Paid ABC Ltd 70,000 by cheque. |
| 20-Sep |
Received 90,000 in cash from XYZ Traders. |
| 1-Oct |
Bank loan repaid 50,000. |
| 25-Oct |
Cash Purchases 25,000. |
| 5-Nov |
Sold goods to XYZ Traders 47,000. |
| 15-Nov |
Withdrew cash from bank 15,000. |
| 5-Dec |
Received interest from bank 5,000. |
| 25-Dec |
Purchased goods from ABC Ltd 75,000. |
| 5-Jan |
Cash Sales 100,000. |
| 15-Jan |
Deposited cash with Bank of America 35,000. |
| 25-Feb |
Cash Purchases 450,000. |
| 28-Feb |
Office was taken on rent in the month of Feb. Office rent paid in cash 50,000. |
| 28-Feb |
Employees were hired in the month of Feb. Paid salary by cheque 30,000 & cash 30,000 for the month of Feb 20×2. |
| 5-Mar |
Sold goods to XYZ Traders 675,000. |
| 31-Mar |
Paid office rent by cheque 50,000. |
| 31-Mar |
Paid salary in cash 30,000 for the month of March 20×2. |
Gaurav Seth 3 years, 11 months ago
Following are the transactions for the period April 20×1 to March 20×2 in the books of Michael Traders
For answers click on the given link:
<a data-ved="2ahUKEwi8jbmL6tztAhXDgeYKHbf5DlsQFjAAegQIARAC" href="https://www.accountingcapital.com/question/can-you-show-30-transactions-of-journal-ledger-trial-balance-and-financial-statements/" ping="/url?sa=t&source=web&rct=j&url=https://www.accountingcapital.com/question/can-you-show-30-transactions-of-journal-ledger-trial-balance-and-financial-statements/&ved=2ahUKEwi8jbmL6tztAhXDgeYKHbf5DlsQFjAAegQIARAC" rel="noopener" target="_blank">Show 30 transactions of journal, ledger, trial balance ...</a>
19Thank You