Journal Entries | Numerical Problems Part - 2 | Account

journal entries

 

Following transaction are provided to you:

Feb 1 Goods sold for cash Rs. 8,000.

Feb 5 Goods sold on credit Rs. 5,000.

Feb 10 Old furniture sold on cash for Rs. 9,000.

Feb 15 Cash received from customers Rs. 5,000.

Required: JOURNAL ENTRIES.


 Date Account Titles and ExplanationPR Debit (Rs.) Credit (Rs.) 
 Feb 1 Cash a/c                               Dr.
     To sales a/c
(Being goods sold for cash)
  8,000 8,000
 Feb 5 Accounts receivable a/c      Dr. 
     To Sales a/c
(Being goods sold on credit)
  5,000 5,000
 Feb 10 Cash a/c                               Dr.
     To Furniture a/c
(Being old Furniture sold on cash)
  9,000 9,000
 Feb 15 Cash a/c                               Dr.
      To Debtors a/c
(Being cash received from customers)
  5,000 5,000

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