the book value of 20,000 was sold for 26,000.
19 Journalise the following transactions in the books of Neeraj:
2020
April 1
April 2
April 6
April 7
April 8
April 12
April 18
April 19
April 26
April 30
Neeraj borrowed from his friend Kapil Manchanda 50,000 on personal account and introduced it in the business.
Purchased goods on credit for 5,000 and also 8,000 on payment of 3,000 in cash and balance by cheque
and discount received @ 6% against cheque payment.
Salaries paid by cheque 28,750.
Received interest on investment
1,000 by cheque and deposited into bank.
Paid office rent 1,500 for 3 months in advance including current month.
Paid rent by cheque 1,500. Paid salary for month by cheque
3,000
Sold goods, whose list price is 5,000, to Rakesh @ 6% trade discount and 1% cash discount, he paid 60%
price in cash.
Paid wages and carriage 3,000 and 1,000 respectively.
Withdrew cash for domestic use * 2,000.
Debts previously written off as bad, now recovered 1,600.