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 deposit 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).