Prepare Journal from the transactions given below: (a) Cash paid for installation of machine ₹ 500 (b) Goods given as charity ₹ 2,000 (c) Interest charge on capital @7% p.a. when total capital were ₹ - Accountancy

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Prepare Journal from the transactions given below:

(a)Cash paid for installation of machine₹ 500
(b)Goods given as charity₹ 2,000
(c)Interest charge on capital @7% p.a. when total capital were₹ 70,000
(d)Received ₹ 1,200 of a bad debts written-off last year 
(e)Goods destroyed by fire₹ 2,000
(f)Rent outstanding₹ 1,000
(g)Interest on drawings ₹ 900
(h)Sudhir Kumar who owed me ₹ 3,000 has failed to pay the amount. He pays me a compensation of 45 paise in a rupee. 
(i)Commission received in advance ₹ 7,000




Journal

S.NoParticularsL.F.Debit
Amount Rs		Credit
Amount Rs
(a)Machinery A/c  Dr.500 
     To Cash A/c  500
 (Cash paid for installation of machinery)   
     
(b)Charity A/c Dr.2,000 
     To Purchase A/c  2,000
 (Goods given as charity)   
     
(c)Interest on Capital A/c Dr.4,900 
     To Capital A/c  4,900
 (Interest on capital charged @ 7% p.a)   
     
(d)Cash A/c Dr.1,200 
     To Bad Debt Recovered A/c  1,200
 (Cash received on from debtors which was previously written off as bad)   
     
(e)Goods Destroyed by Fire A/c Dr.2,000 
     To Purchases A/c  2,000
 (Goods destroyed by fire)   
     
(f)Rent A/c  Dr. 1,000 
    To Rent Oustanding A/c  1,000
 (Rent due but not paid)   
     
(g)Drawing A/c   Dr.900 
     To Interest on Drawing A/c  900
 (Interest allowed on drawing)   
     
(h)Cash A/c Dr.1,350 
 Bad Debt A/c Dr.1,650 
     To Sudhir Kumar  3,000
 (Sudhir Kumar declared insolvent and cash received from him 45 paise in a rupee in full settlement)   
     
(i)Commission A/c Dr.7,000 
    To Commission Received in Advance A/c  7,000
 (Commission received in advice)   
 Cash A/c   Dr.7,000 
    To Commission Received in Advice  7,000
 (Commission received in Advice)   
 Total 22,50022,500

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