Transactions during the month of January 2009.
Paid wages due
Sold goods to Mr. P less 10% for cash in 20 days.
Sold goods to Mr. X less 5% trade discount
Cash paid into bank
Paid Kumar by cheque in full settlement
Sent Mr. X a credit note for Rs 250 for an allowance claimed by him for inferior goods
Discounted A’s acceptance at bank for
B became insolvent; received from him first and final dividend of forty-paise in the rupee.
Withdrew from bank for office use
Received cheque from Mr. P for the amount due and paid the same into bank.
Sold shares Rs 5,000 at a premium of 3% less brokerage 1%
Paid Ravi by cheque in full settlement
Mr. P’s cheque was returned dishonoured and the discount was disallowed.