Journalise the following transactions; post them into Ledger for February 2019.

Journalise the following transactions; post them into Ledger for February 2019

1. Sunil Started business with stock of goods Rs.20,000 and Cash Rs.1,70,000 out of which Rs.50,000 borrowed from his friend Kedar @10 p.a. 

5. Placed an order for goods worth Rs.7,000 with Mohan for which advance Rs.5,500 was paid. 

9. Purchased Stationery for office use Rs.4,500. 

12. Goods distributed as free samples Rs.2,000. 

17. Paid Freight Rs.400 on behalf of Mr.Dev. 

24. Received Goods from Mohan as per our order dated 5th Feb and settled his account. 

27. Bought goods from Shekar on two months credit for Rs.7,000 at 20% Trade Discount with instructions to send them to Sagar.  

28. Sent to Sagar Outward Invoiced for goods supplied by Shekhar. at list price less 10% Trade Discount. 

 
 
 

Solution: 

Dr.                   Cash  Account               Cr. 

Date  

Particulars 

L.F 

Amt 

Date 

Particulars 

L.F 

Amt 

Feb. 2019 1  

To Capital A/c  

 

1,70,000 

Feb. 2019 5 

By Mohan A/c 

 

5,500 

 

 

 

 

9 

By Stationery A/c 

 

4,500 

 

 

 

 

12 

By Advertisement A/c 

 

2,000 

 

 

 

 

17 

By Freight A/c 

 

400 

 

 

 

 

24 

By Purchase A/c  

 

1,500 

 

 

 

 

28 

By Balance c/d 

 

1,56,100 

 

 

 

1,70,000 

 

 

 

1,70,000 

March1 

To Balance b/d 

 

1,56,100 

 

 

 

 

 
 

Dr.                Purchase Account                Cr. 

Date  

Particulars 

L.F 

Amt 

Date 

Particulars 

L.F 

Amt 

Feb 2019 1 

To Balance A/c  

 

7,000 

Feb 2019 27 

By Advertisement A/c  

 

2,000 

24 

To Cash A/c  

 

20,000 

 

 

 

 

27 

To Shekhar A/c 

 

5,600 

28 

By Balance c/d 

 

30,600 

 

 

 

 

 

 

 

 

 

 

 

32,600 

 

 

 

32,600 

March 1 

To Balance b/d 

 

30,600 

 

 

 

 

 
 

Dr.              Stationery Account              Cr. 

Date  

Particulars 

L.F 

Amt 

Date 

Particulars 

L.F 

Amt 

Feb. 2019 9 

To Cash A/c 

 

4,500 

28 

By Balance c/d 

 

4,500 

 

 

 

 

 

 

 

 

 

 

 

4,500 

 

 

 

4,500 

March1 

To Balance b/d 

 

4,500 

 

 

 

 

 
 

Dr.              Advertisement Account              Cr. 

Date  

Particulars 

L.F 

Amt 

Date 

Particulars 

L.F 

Amt 

Feb. 2019 12 

To Cash A/c 

 

2,000 

 

 

 

 

 

 

 

 

28 

By Balance c/d 

 

2,000 

 

 

 

2,000 

 

 

 

2,000 

March1 

To Balance b/d 

 

2,000 

 

 

 

 

 
 

Dr.                      Sales Account                 Cr. 

Date  

Particulars 

L.F 

Amt 

Date 

Particulars 

L.F 

Amt 

Feb. 2019 28 

To Balance b/d 

 

6,300