Journalise the following transactions and post them in their respective ledger accounts

Journalise the following transactions and post them in their respective ledger accounts.

2016 Rs.
May 2 Paid interest to Loan 4,000
May 3 Ramesh who owed Rs.3,000 has become insolvent. He pays 50 paise in rupee in full settlement.
May 4 A cheque received from Ranjan deposited into bank was returned dishonored. 6,300
May 5 Wood used for making office furniture. 5,000
May 21 Due from Rama are bad debts. 600
May 25 Purchased building and issued cheque. 4,300

Journal Entry


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