Enter the transactions in the appropriate type of cash books

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Reference no: EM132812173

Question - Enter the following transactions in the appropriate type of cash books and post the same to the relevant ledger accounts:

2019

July 01 Started business with an investment of Rs.9000.

July 02 Deposited in Bank of India Rs.7000.

July 04 Acquired a building by issuing a cheque of Rs. 5000.

July 10 Paid the bill of the furniture by cheque Rs.1000.

July 15 Purchased Rs800 of merchandise by cheque.

July 18 Withdrew Rs100 from the bank.

July 20 Sold merchandise for Rs. 1200.

July 22 Deposited Rs.2000 into bank.

July 25 Bought Rs. 1,000 merchandise.

July 26 Sold Rs.15,00 merchandise by crossed cheque.

July 27 Paid Rs. 100 by cheque as the premium insuring building against fire.

July 28 Paid Freight Rs.50.

July 30 Withdrew from bank for personal use Rs.500.

July 31 Cleared electricity bill Rs.90.

July 31 Paid to Mahesh Rs 1080 in full settlement by cheque. We owed to Mahesh Rs1100 for goods purchased.

July 31 Received from Suresh a cheque for Rs1480 in full satisfaction of the debt of Rs.1510.

Reference no: EM132812173

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