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 |