JOURNAL

Record the following transactions in the book of original entry of Alexander Grayson

1.Goods worth 20,000 insured for 15,000 and paid a premium by cheque of current account at the rate of 20 per thousand

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3.Received an order for goods from Catherine 5,000.

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4.Received an order from Christina for 5000 and an advance of 500 by a post-dated cheque, which was subsequently endorsed to Violet after receiving a discount of 50.

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2.Paid Cameron(clerk) 7,500 the balance of his salary after adjusting the advance of 2,500 given to him before.

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5.Noting charges of 700 were paid on behalf of Juliette from a Fixed Deposit Account.

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6.Alexander was declared insolvent and could pay Julius only 50,000 ie, 50 paise in rupee.

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7.Invoiced goods worth 27,000 to Matthew.

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8.Cash stolen by Bianca(employee) during business hours 5,000 and cash stolen by Cornelia(employee) after business hours 15,000.

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9.Annual Fire Insurance Premium was paid on 1st July, 2024 for one full year of 12,000. Books are closed on 31st March every year.

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10.All the employees went on a picnic to Santorini in Greece.The picnic cost 70,000 paid by Alexander.

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