7. Journalise the following transactions and post them to ledger and extract the trial balance:
April 1995
1 Started Business with a Capital of Rs.5,000
2 Purchased goods from Guru for Rs.1,500
3 Paid to Guru in full in Cash Rs.1,450
4 Sold goods to Kamal for Rs.500
5 Received Cash from Kamal Rs.450 in full settlement
6 Paid Salary Rs.300
7 Purchased Furniture for Rs.1,000
8. Sold goods for Rs. 1,300
Received Interest Rs.50
10 Deposited Cash into Bank Rs.1,000
Paid wages Rs.100
12 Withdrew cash from Bank for personal use Rs.200.
(Bharathiar R Cam Novemham on
9