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May 2030 Paid to Alay in settlement of his accountCompound Journal EntriesPass necessary Journal entries for the following transactions:Aprils Paid salaries 20,000, rent 5,000 and wages 6.000 by chequeApril7 | Purchased goods from Hari for 30.000 at 10% trade discount and 2% cash discountPayment was made immediatelyApril 15 Paid to Raju 5,000 in cash and 7,000 by cheque.April 18 Goods sold to Roma for 25,000 at 20% Trade discount and 3% Cash discount. Half of thepayment was received immediately.April 20 Goods sold to Ramesh for 8.000. He paid 5,000 by cheque immediatelyApril 25 Additional capital introduced as: cash 10,000, and Delivery Van (Personal asset) of 250.000April 26 Cash paid to Anil +975. Discount received 25.April 30 Paid to Raju ? 1,000 in cash and 2,000 by cheque.April 30 Paid 4,800 to Mohan in settlement of his account for 5,000 |
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