Journalize the accompanying exchanges.

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Reference no: EM13904025

1. December 1, 2008, Ajit began business with money Rs. 4,00,000. 2: December 3, he paid into the bank Rs. 20,000.

3. December 5, he obtained merchandise for money Rs. 1,50,000.

4. December 8, he sold merchandise for money Rs. 60,000.

5. December 10, he obtained furniture and paid with check Rs. 50,000.

6. December 12, he sold merchandise to Arvind Rs. 40,000.

7. December 14, he obtained merchandise from Amrit Rs. 1,00,000.

8. December 15, he returned merchandise to Amrit Rs. 50,000.

9. December 16, he got from Arvind Rs. 39,600 in full settlement.

10. December 18, he withdrew merchandise for individual utilization Rs. 10,000.

11. December 20, he withdrew money from business for individual utilization Rs. 20,000.

12. December 24, he paid phone charges Rs. 10,000.

13. December 26, trade paid to Amrit in for money full settlement Rs. 49,000.

14. December 31, paid for stationery Rs. 2,000, rent Rs. 5,000 and pay rates to staff Rs. 20,000.

15. December 31, merchandise dispersed by method with the expectation of complimentary specimens Rs. 10,000.

16. December 31, wages paid for erection of Machinery Rs. 80,000.

17. Personal wage charge risk of X of Rs. 17,000 was paid out of frivolous money of business. 18. Buy of products from Naveen of the rundown cost of Rs. 20,000. He permitted 10% exchange markdown, Rs. 500 money rebate was additionally took into account snappy installment.

Reference no: EM13904025

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