2.
Pass necessary journal entries:
2014
July 1 Machinery purchased 5,000
July 3 Building purchased 8,000
July 4 Furniture purchased 7,000
July 5 Investment purchased 6,000
July 7 Goods sold for cash 10,000
July 9 Purchased goods for cash 12,000
July 10 Share purchased 6,000
July 12 Debentures purchased 10,000
July 15 Plant sold 8,000
July 17 Furniture sold 7,000
July 21 Land purchased 6,000
July 25 Share sold
8,000
July 27 Patent sold 6,000
July 31 Debentures sold 7,000
|
Date
|
Particulars
|
L.F.
|
Amount
(Dr)
|
Amount (Cr)
|
|
2014
July 1
July 3
July 4
July 5
July 7
July 9
July 10
July 12
July 15
July 17
July 21
July 25
July 27
July 31
|
Machinery A/c
Dr
To Cash A/c
(Being machinery purchased)
|
|
5,000
|
5,000
|
|
Building A/c Dr
To Cash A/c
(Being building purchased)
|
8,000
|
8,000
|
||
|
Furniture A/c
Dr
To Cash A/c
(Being furniture purchased)
|
7,000
|
7,000
|
||
|
Investment A/c Dr
To Cash A/c
(Being investment purchased)
|
6,000
|
6,000
|
||
|
Cash A/c
Dr
To Sales A/c
(Being goods sold for cash)
|
10,000
|
10,000
|
||
|
Purchase A/c
Dr
To Cash
A/c
(Being goods purchased for cash)
|
12,000
|
12,000
|
||
|
Share
Dr
To Cash
A/c
(Being share purchased)
|
6,000
|
6,000
|
||
|
Debentures
Dr
To Cash
A/c
(Being debentures purchased)
|
10,000
|
10,000
|
||
|
Cash A/c
Dr
To Plant
A/c
(Being plant sold)
|
8,000
|
8,000
|
||
|
Cash A/c
Dr
To
Furniture A/c
(Being furniture sold)
|
7,000
|
7,000
|
||
|
Land A/c
Dr
To Cash
A/c
(Being land purchased)
|
6,000
|
6,000
|
||
|
Cash
A/c Dr
To Share
(Being share sold)
|
8,000
|
8,000
|
||
|
Cash A/c
Dr
To Patent A/c
(Being patent sold)
|
6,000
|
6,000
|
||
|
Cash A/c
Dr
To
Debentures A/c
(Being debentures sold)
|
7,000
|
7,000
|
||
|
|
Total
|
|
1,06,000
|
1,06,000
|
