General Journal Accounting First Year Question

hamim collegiate for the month of may 2015

1.     Owner invested cash into business 50,000.00

2.     Cash deposit into bank 20,000.00

3.     Issue cheque for purchase of merchandise 5,000.00

4.     Paid cash for salary expense 4,000.00

5.     Received cash for commission income 20,000.00

6.     Cash sale 20,000.00

7.     Received cheque from mr tariq 4,000.00 and deposit into bank

8.     Issued cheque to mr suleman 5,500.00

9.     Withdrew from bank for for his personal use 4,000.00 and for office use 7,000.00

10.                        Deposited cash into bank account 6,000.00

11.                        Paid salaries in cash

Require : record the above transactions in three column cash book

·        M/S HALEEMA TRADER  had a cash at bank 60,000 and cash in hand 30,000 on January 2015. she completed the following transactions during month of January 2015

·        Sold merchandise on cash and deposited into bank 10,000

·        Sold machinery on cash 20,000

·        Issued cheque to MR TARIQ 6,000 in full settlement of 6,500

·        Received cheque from uzma  8,000 in full settlement of 8,800

·        Purchase supplies on cash 6,000

·        Deposited Uzma’s cheque into bank account

·        Paid salary by cheque 7,000

·        Paid rent by cash 10,000

·        Withdrew from bank for his office use 10,000

·        Received cheque from customer 25,000

·        Cash was short by 100

Require : record the above transactions in three column cash book

3. m/s Suleman Traders  had a cash at bank and cash in hand 16000 and 40000 respectively on January 2015. she completed the following transactions during month of January 2015

Cash sale  and deposit into bank 8000

Received cheque from shamim collegiate  6000 in full settlement6300

Issued cheque to mr tariq 15000 in full settlement of his account  15900

Paid cash for rent 9000

Owner withdrew cash from bank for office use 6000

Received cash for commission income 8,000

Deposit shamim collegiate ‘s cheque into bank account

Issued cheque for salaries  expense 18000

Purchase furniture for 26000 paid cash 6000 and balance by cheque

Purchase merchandise on account  2000

Advertising expense paid by bank 8000

Require : record the above transactions in three column cash book

m/s English Course cash in hand  70,000 and cash at bank 15,000 O.D. the complete the following  transaction the month of june 2015

June 1 deposit cash into bank 20,000

04 customer direct deposit into bank 9000

06 issued cheque to miss Sana 14000 in full setllment of her account 14500

08 received cheque from bushra 13000 in full settlement of her account 13700

16 deposited bushra’s cheque into bank

17 paid cash for rent expense 4000

19 received cheque from customer  15000 in full settlement of his account 15200

20 owner withdrew cash for his private use 8300

24 withdrew cash from bank for business use 4000

29.Deposited cash into bank account 18000

30 Paid rent  by cheque 3000