Journalize the following transaction of Newtech Computers RAJAHMUNDRY selling Computer parts for the financial year 2017-18
Opening Balances as on 1-7-2017:
Capital: 10,00,000/-; Andhra Bank A/c: 20,000/-; AXIS Bank A/c-50,000/-;
Debtors:3,15,000/-
(Yes Computers-1,50,000;Byte Computers-1,65,000)
Creditors 1,80,000/-
(Zenith & Co-1,00,000/-; Sam&Co-30,000/-;Sri Computer World-50,000)
Mobile Van: 1,20,000/-; cash-in-hand:50,000/-
Stock :6,25,000/-
(Zenith CPU 20nos@15000each,
LG Monitors 30nos@8000 each;
Logitech Mouses 200@300each;
Frontech Keyboard 100@250 each)
Jul 1 Purchased 50 zenith CPU from Zenith&Co worth of Rs. 9,00,000/-
Jul 1 Returned 19 zenith Computer to Zenith &co
Jul 1 Sold 14 Zenith CPU to Byte Computers Institute for Rs. 2,80,000/-
Jul 1 Byte Computers returned 4 Zenith CPU
Aug 1 Purchased 80 Samsung Monitors from Sam&Co for Rs. 4,80,000/-
Aug 2 Returned back 20 Samsung Monitors
Aug 31 Sold 50 Samsung Monitors to Pavan & Co for Rs. 4,00,000/-
Sep 1 Purchased 100 Zenith Mouses from Sri Computer World for Rs. 15,000/-
Sep 2 Sold 90 Logitech mouses to Yes Computers for Rs. 27,000/-
Oct 2 Purchased 10 Zebronics Monitors from Sri Computer World @5,500/-each
Nov 1 Purchased 100 Acer Keyboards from Jain&Co, Mumbai @280/- each
Nov 2 Sales 5 Zebronic Monitors@6500, 20 Zenith Mouses@300, 30 Acer keyboards@350 to JoyRam Spares, Kolkata, West Bengal
Dec 31 Sold 1 Zenith CPU Rs. 22,000/-, 1 LG Montor for Rs. 6,500/- , Frontech Keyboard Rs. 300, 1 Logitech Mouse Rs. 350/- to Ramesh, Visakhapatnam
cash received from Ramesh for above transaction.
Mar 2 Cash Sales 30 zenith CPU @ 20000/- each to Yes Computers through cheque drawn on SBI, cheque deposited in AXIS Bank
Mar 31 Cheque No. 450700 drawn on AXIS Bank for Rs. 5,00,000/- issued to Zenith&Co.
Mar 31 Cheque No. 142536 drawn on AXIS bank is received from Byte Computers Rs. 2,75,000/-