Journal Entry 
Chapter - 4
Question - 20

Enter the following transaction in the journal of Modit :
2015
Jan. 01 Started business with cash Rs. 1,75,000 and Building Rs. 1,00,000.
Jan. 02 Goods Purchased for Rs. 75,000
Jan. 03 Sold goods to Ramesh Rs. 30,000.
Jan. 04 Paid Wages Rs. 500
Jan. 06 Sold goods for cash Rs. 10,000.
Jan. 10 Paid for trade Expenses Rs. 700.
Jan. 12 Cash received from Ramesh Rs. 29,500. and Discount allowed is Rs. 500.
Jan.14 Goods Purchased from Sudhir Rs. 27,000
Jan. 18 Cartage paid Rs. 1,000.
Jan. 20 Withdrew cash for personal use Rs. 5,000
Jan. 22 Goods withdrew for house hold Rs. 2,000.
Jan.25 Cash paid to Sudhir is Rs. 26,700 and Discount allowed by him Rs. 300.