Sarthaks Test
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Journalise the following transactions : 

i. Paid Rs.2,000 in cash as wages on installation of a machine. 

ii. Sold goods to Manohar, list price Rs.4,000, Trade Discount 10% and cash Discount 5% he paid the amount on the same day and availed the cash discount. 

iii. Received as order from Shyam for supply of goods of the list price Rs.1,00,000 with an advance of 10% of list price. 

iv. Received commission Rs.5,000 half of which is in advance.

v. Rajanikant is declared insolvent. A final compensation of 25 paise in the rupee is received from his estate out of Rs.5,000. 

vi. Cash embezzled by an employee Rs.1,000.

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