Record the following transactions in Journal - paid rent in advance Rs 1,000. - Received cash from Ram for a bad debt written off last you Rs. 1100 - Paid Rs. 1450 to Anil on his account for Rs. 1500 - Bought goods of the list price of Rs. 25,000 from Rohit less 20% trade discount and 2% cash discount and paid 40% by cheque. - Sold goods to Rakesh of the list price of Rs. 50,000 less 20% trade discount and 2% trade discount and 2% cash discount and paid 50% by cheque.

| S. No. | Particular | L.F. | Dr. | Cr. | | --- | --- | --- | --- | --- | | (i) | Prepaid Rent A/c Dr. To Cash A/c (Being rent paid in advance) | | 10,000 | 10,000 | | (ii) | Cash A/c Dr To Bad Debts Recovered A/c (Being bad debts written off last year, nor recovered) | | 1100 | 1100 | | (iii) | Anil Dr. To Cash A/c (Being the Cash paid to Anil on account) | | 1450 | 1450 | | (iv) | Purchases A/c To Rohit A/c (Being the goods purchased from Rohit at a trade discount of 20%) List Price 25,000 Less: Trade Discount@ 20% 5,000 20,000 Rohit Dr. To Bank A/c To Discount Received A/c (Being 40% payment made to Mohan under a cash discount of 2%) Payment (40% of Rs. 20,000) Rs. 8,000 Less: Cash discount @2% Rs. 160 7,840 | | 20,000 8,000 | 20,000 7,840 160 | | (v) | Rakesh To Sales A/c (Being goods Sold to Rakesh at a trade discount of 20%) List Price Rs. 50,000 Less- Trade Discount Rs. 10,000 40,000 Bank A/c Dr. Discount Allowed A/c Dr. To Rakesh (Being 50% payment is made by Rakesh under a cash discount of 2% (20,000 – 400) = 19,600 | | | |