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Journalise the following transactions in the books of Vasu and post them to ledger accounts.

2017 November:

1 – Cash in hand Rs. 1,00,000; Cash at bank: Rs. 30,000.

2 – Vasu sold goods to Jothi for Rs. 25,000 against a cheque and deposited the same in the bank. 

4 – Received as commission Rs. 5,000. 

8 – Bank paid Rs. 15,000 directly for insurance premium of Vasu. 

15 – Cash deposited into bank Rs. 30,000. 

18 – Cash withdrawn from bank for personal use Rs. 45,000.

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In the Books of Vasu

Journal entries

Cash Account

Bank Account

Sales Account

Commission Received Accounts

Insurance Account

Drawings Accounts

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