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 Explanation||PR||Debit (Rs.)||Credit (Rs.)|
|Feb 1|| Cash a/c Dr.|
To sales a/c
(Being goods sold for cash)
|Feb 5|| Accounts receivable a/c Dr. |
To Sales a/c
(Being goods sold on credit)
|Feb 10|| Cash a/c Dr.|
To Furniture a/c
(Being old Furniture sold on cash)
|Feb 15|| Cash a/c Dr.|
To Debtors a/c
(Being cash received from customers)