Maneet Kaur In: Category - Accounting OthersCan you show 30 transactions of journal, ledger, trial balance, and financial statements?30 transactionsfinancial statementsjournalledgertrial balance ShareFacebook1 AnswerVotedRecent Vaishnavi_Shetty 2020-08-26T18:24:39+05:30Added an answer on August 26, 2020 at 6:24 pm This answer was edited. Yes.Let’s take a set of transactions and prepare all the requisite information asked.Following are the transactions for the period April 20×1 to March 20×2 in the books of Michael Traders1-AprMichael started business with cash 600,000, cash at Bank of America 700,000, furniture 200,000.1-AprPurchased Plant & Machinery worth 250,000 by cheque.25-AprPurchased goods from ABC Ltd worth 800,000 @10% trade discount.5-MayCash Sales 1,000,000 @5% trade discount to XYZ Traders15-MayDeposited cash with Bank of America 500,000.5-JunPaid ABC Ltd 300,000 in cash.10-JunReceived commission 75,000 by cheque.25-JunCash Purchases 250,000.5-JulSold goods to XYZ Traders 475,000.15-JulReceived 275,000 by cheque from XYZ Traders.5-AugLoan taken from Bank of America 200,00025-AugPurchased goods from ABC Ltd 50,000.27-AugWithdrew cash from bank 10,000.5-SepReceived commission 55,000 in cash.10-SepPaid ABC Ltd 70,000 by cheque.20-SepReceived 90,000 in cash from XYZ Traders.1-OctBank loan repaid 50,000.25-OctCash Purchases 25,000.5-NovSold goods to XYZ Traders 47,000.15-NovWithdrew cash from bank 15,000.5-DecReceived interest from bank 5,000.25-DecPurchased goods from ABC Ltd 75,000.5-JanCash Sales 100,000.15-JanDeposited cash with Bank of America 35,000.25-FebCash Purchases 450,000.28-FebOffice was taken on rent in the month of Feb. Office rent paid in cash 50,000.28-FebEmployees were hired in the month of Feb. Paid salary by cheque 30,000 & cash 30,000 for the month of Feb 20×2.5-MarSold goods to XYZ Traders 675,000.31-MarPaid office rent by cheque 50,000.31-MarPaid salary in cash 30,000 for the month of March 20×2.You are required to: (i) Journalize the above transactions and post them in Ledgers and prepare a Trial Balance.(ii) Prepare Trading A/c, Profit & Loss A/c and Balance Sheet taking into consideration: 1. Closing Stock as on 31st March 20×2 is 200,000. 2. Salary outstanding for the month of March 20×2 is 30,000. 3. [email protected]% to be charged on Furniture & Fixtures and @15% on Plant & Machinery.1. Journal Entries 2. Ledgers3. Trial Balance4. Trading A/c & Profit and Loss A/c5. Balance SheetAn excel sheet of the entire transactions along with the requisite information asked has been attached for your reference.30-transactions-of-Journal-Ledger-Trial-Balance-Financial-Statements128Reply Share ShareShare on FacebookShare on TwitterShare on LinkedInShare on WhatsAppLeave an answerCancel replyYou must login to add an answer. Username or email* Password* Captcha* Click on image to update the captcha. Remember Me! Forgot Password?