Solved Journal Entries (SET 03)

Solved Journal Entries (SET 03)

Q21. Capital Introduced

Cash A/c Dr 40,000
  To Capital A/c 40,000
(Being capital introduced in business)

Q22. Computer Purchased for Cash

Computer A/c Dr 18,000
  To Cash A/c 18,000
(Being computer purchased for cash)

Q23. Rent Paid

Rent A/c Dr 6,500
  To Cash A/c 6,500
(Being rent paid)

Q24. Cash Sales

Cash A/c Dr 14,000
  To Sales A/c 14,000
(Being goods sold for cash)

Q25. Loan Received from Ravi

Cash A/c Dr 10,000
  To Ravi A/c 10,000
(Being loan received from Ravi)

Q26. Interest Income Received

Cash A/c Dr 4,200
  To Interest Income A/c 4,200
(Being interest income received)

Q27. Salary Paid through Bank

Salary A/c Dr 8,000
  To Bank A/c 8,000
(Being salary paid through bank)

Q28. Furniture Purchased on Credit

Furniture A/c Dr 9,000
  To Shyam A/c 9,000
(Being furniture purchased on credit from Shyam)

Q29. Cash Deposited into Bank

Bank A/c Dr 25,000
  To Cash A/c 25,000
(Being cash deposited into bank)

Q30. Bad Debts

Bad Debts A/c Dr 3,000
  To Debtor A/c 3,000
(Being bad debts written off)