pass journal entries : on may 26 robert paid rent in advance for month of june for rupess - Accountancy - Recording of Transactions - I

Question

pass journal entries :
on may 26 robert paid rent in advance for month of june for rupess
70000
on may 27 robert received 60000 as a income in advance for month of
july
on may 28 robert has interest due but not received for rupees
80900
on may 29 robert has salary due to staff for rupees 90000
on may 30 robert received cash form some debtors :
raj verma 2000
ritika 10000
john 500
bhargav 800

Shruti Mishra · Accepted Answer

Dear Student,
Journal entry in the books of Robert will be :-

Date
Particulars
L F
Debit
Credit

May 26
Prepaid Rent A/c Dr

70,000

To Cash A/c

70,000

(Being rent paid in advance for month of June )

May 27
Cash A/c Dr

60,000

To Income Received in Advance A/c

60,000

(Being income in advance for month of July )

May 28
Accrued Interest A/c Dr

80,900

To Interest A/c

80,900

(Being Interest due but not received )

May 29
Salary A/c Dr

90,000

To Outstanding Salary A/c

90,000

(Being salary due to staff for rupees )

May 30
Cash A/c Dr

13,300

To Raj Verma A/c

2,000

To Ritika A/c

10,000

To John A/c

500

To Bhargav A/c

800

(Being received cash form some debtors )

Regards

Date	Particulars	L.F	Debit	Credit
May 26	Prepaid Rent A/c Dr.		70,000
	To Cash A/c			70,000
	(Being rent paid in advance for month of June.)

May 27	Cash A/c Dr.		60,000
	To Income Received in Advance A/c			60,000
	(Being income in advance for month of July. )

May 28	Accrued Interest A/c Dr		80,900
	To Interest A/c			80,900
	(Being Interest due but not received.)

May 29	Salary A/c Dr.		90,000
	To Outstanding Salary A/c			90,000
	(Being salary due to staff for rupees.)

May 30	Cash A/c Dr.		13,300
	To Raj Verma A/c			2,000
	To Ritika A/c			10,000
	To John A/c			500
	To Bhargav A/c			800
	(Being received cash form some debtors.)