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Journal Entries Question Part-07

1. Received rent in advance ₹15,000।
2. Goods purchased for cash ₹12,000।
3. Paid advertising expenses ₹8,000।
4. Interest paid on loan ₹4,000।
5. Purchased stationery on credit ₹3,500।
6 . Adjusted prepaid insurance ₹2,000।
7. Paid electricity bill ₹6,000।
8. Returned goods purchased previously ₹7,500।
9. Sold goods for cash ₹25,000।
10. Received commission from clients ₹5,000।
11. Loan taken from bank ₹1,00,000।
12. Owner’s capital introduced ₹75,000।
13. Cash withdrawn by owner ₹10,000।
14. Discount allowed to a customer ₹500।
15. Paid wages to employees ₹15,000।
16. Dividend paid to shareholders ₹20,000।
17. Recorded provision for doubtful debts ₹1,200।
18. Accrued interest income ₹850।
19. Paid telephone expenses ₹2,500।
20. Purchased furniture on credit ₹30,000।