Transcribed Image Text: Balance tolal Ri, 170,800] Enter the following transactions in the Journal of a trader. Post in the Lade prepare a trial Balance: 2017 Feb. 1 Started business

Transcribed Image Text: Balance tolal
Ri, 170,800]
Enter the following transactions in the Journal of a trader. Post in the Lade
prepare a trial Balance:
2017
Feb. 1 Started business with cash Rs. 200,000.
“2 Bought goods from Mahmood & Co. worth Rs. 100,000.
“2 Bought furniture for cash Rs. 16,000.
“2 Sold goods to Qasim Bros. for Rs. 32,000.
“3 Purchased stationery for cash Rs. 8,000.
“4 Paid Mahmood & Co. Rs. 60,000 in cash.
“5 Sold goods to Waheed & Sons Rs. 40,000.
“5 Received cash from Qasim Bros. Rs. 30,800 and discount allowed Rs. 1,200.
“6 Paid carriage Rs. 1,200
“8 Bought goods for cash Rs. 12,000.
“9 Sold goods to Rashid Rs. 68,000.
” 10 Bought goods from Faisal & Co. Rs. 52,000.
“11 Paid Mahmood & Co. Rs. 38,000 in full settlement of their account.
“12 Paid wages Rs. 800.
“13 Paid carriage Rs. 1,600
“14 Purchased goods from Mahmood & Co. Rs. 60,000.
“15 Purchased goods for cash Rs. 16,000.
” 17 Goods sold to Waheed & Sons for Rs. 72,000.
” 18 Cash received from Waheed & Sons Rs. 80,000.
“19 Bought goods from Ahsan Rs. 30,000.
“19 Sold goods for cash Rs. 32,000.
” 20 Paid wages in cash Rs. 1,600.
” 21 Paid to Ahsan Rs. 28,800 in full settlement of his account.
” 22 Sold goods to Qasim Bros. Rs. 52,000.
” 23 Bought goods from Mahmood & Co. for Rs. 96,000.
” 24 Cash purchases Rs. 29,200.
” 25 Cash paid to Mahmood & Co. Rs. 80,000.
” 26 Cash received from Qasim Bros. Rs. 40,000.
” 27 Paid carriage Rs. 1,600.
” 28 Paid electricity bill Rs. 2,000.
“28 Paid rent Rs. 3,200.
” 29 Owner withdrew cash for personal use Rs. 6,000.
“29 Paid salaries Rs. 5,600.
Ans: [Trial Balance Total Rs. 627,200]

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