Reference no: EM132608627

Question 1: Enter the following transactions in the proper daily books and post them to ledger accounts. Also prepare Trial Balance:

2015

Jan. 1: Purchased goods worth 6,000 from M/s Imran & Sons.

Jan. 5: Sold goods to M/s Asim 2,000.

Jan. 7: Purchased goods from M/s Salman Bros. 4,000 at 5% TD (Trade Discount).

Jan. 9: Sold goods to Kamran on cash 500.

Jan. 12: Bought goods from Raza 3,500 at 10% TD.

Jan. 17: Supplied goods to M/s Qadeer 2,500 at 5% TD.

Jan. 20: Sold furniture to M/s Dilawar worth 1,200.

Jan. 22: Returned goods to M/s Salman Bros. 500 gross.

Jan. 25: M/s Ahmed returned goods worth 500.

Jan. 27: Sent debit note to M/s Imran for 200.

Jan. 30: Sold goods to Dilawar worth 9,000 and received half amount on the spot.