Journalise the following transactions: Paid into bank Rs.21,000 for opening a current Account.

Question

Journalise the following transactions:

| 2018 April 1 | Paid into bank Rs.21,000 for opening a current Account. |
| April 2 | withdrew for private expenses Rs.5000 |
| April 4 | Withdrew from bank Rs.3000 |
| April 5 | Place on fixed *** Account at transfer form current Account Rs,5000 |
| April 10 | Received a cheque from shiv & co to whom goods were sold for Rs.3000 last year, Allowed him 2% discount |
| April 14 | Shiv & co. sheque posited in to bank |
| April 16 | Shiv & co. sheque dishonoured (bank charges Rs.10) |
| April 17 | Shiv & co.settled his account by means a cheque for Rs.3,000 Rs.40 being interest charged |

Answer 1

Note for Apr 17:
Cheque of Rs 2,940 dishonoured. Bank charged Rs 10 (to be recovered from Shiv and Co.). Total due from Shiv and Co. Rs 2,950. New cheque received for Rs 3,000, so interest charged should be Rs 50 (not Rs 40, as given in the book).