Journalize the below transactions, prepare relevant ledger accounts and finally trial balance. .
XYZ Pvt Ltd
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01.01.2009
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Started business with cash Rs. 2,00,000 Goods Rs. 1,00,000 Furniture Rs. 50,000
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01.01.2009
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Opened Current Account with Rs. 1,00,000
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02.01.2009
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Placed an order with Ritik for the supply of goods of the list price of Rs. 1, 00, 00.In this connection, we paid 9% of the list price as an advance by cheque.
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03.01.2009
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Ritik supplied goods of the list price of Rs. 1, 00,000 less 12% trade discount. Packing and delivery charges Rs. 1,000.
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04.01.2009
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Purchased goods from Murali of the list price of Rs. 1,00,000 less 12% trade discount and paid him by cheque under a cash discount of 5%
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05.01.2009
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Received an order from Shyam for supply of goods of the list price of Rs. 1, 00,000 with an advance of 10% of list price.
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06.01.2009
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Supplied the above goods at 10% trade discount. Packing and delivery charges Rs. 1000.
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07.01.2009
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Goods costing Rs. 80,000 sold to Mr X at a profit of 20% on sales less 10% trade discount and 2% cash discount
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08.01.2009
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Goods (cost Rs. 3,000, Sales Price Rs. 4,000) taken away by the proprietor for his personal use.
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09.01.2009
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Shyam became insolvent and paid 80 paise in a rupee in full and final settlement
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10.01.2009
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Paid Ritik 80% on account.
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11.01.2009
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Goods (Cost Rs. 3,000 , Sales Price Rs. 4,000) stolen
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12.01.2009
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Paid Life Insurance Premium Rs. 1,000.
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13.01.2009
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Cash embezzled by an employee Rs. 1,000.
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