Received a first and final dividend of 70 paise in the rupee from the official receiver of Mr. Rao… 1 answer below »

Journalise the following transactions:

Apr 1, 2009

Capital Rs 2,00,000; Debtors — Rs 20,000; Cash-in-hand — Rs 5,000; Cash at Bank — Stock Rs 7,000; Creditors Rs 25,000; Rs 15,000; Machinery Rs 1,50,000; Furniture and Fixtures — Rs 25,000.

Apr 2, 2009

Received Rs 1,500 from Mohamed in full settlement of his account Rs 2,000.

Apr 3, 2009 Received Rs 1,500 from Xavier on his account for Rs 2,000.

Apr 4, 2009

Paid Rs 1,400 to Guru in full settlement of his account for Rs 1500.

Apr 5, 2009

Paid Rs 1,400 to Veer Singh on his account for Rs 1,500.

Apr 6, 2009

Received a first and final dividend of 70 paise in the rupee from the official receiver of Mr. Rao who owed Rs 3,000.

Apr 7, 2009

Wages paid Rs 1000 for erection of plant.

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