2:52 ACC 135 FINAL...1 I (1) READ ONLY - This is an older file format. To... QUESTION 1 Journalise the following transactions in the books of trade. Also make their Ledger Postings and prepare a Trial Balance. Debit Balances as on Jan. 1, 2006: Cash in hand Rs. 8,000; Cash at Bank Rs. 25,000; Stock of goods Rs. 20,000; Furniture Rs. 2,000; Building Rs. 10,000; Sundry Debtors-Vijay Rs. 2,000, Anil Rs. 1,000 and Madhu Rs. 2,000. Credit Balances on Jan. 1, 2006: Sundry Creditors- Anand Rs. 5,000; Loan from Bablu Rs. 10,000. The following were further transactions in the month of Jan, 2006: Jan. 1: Purchased goods worth Rs. 5,000 for cash less 20% trade discount and 5% cash discount. Jan. 4: Received Rs. 1,980 from Vijay and allowed him Rs. 20 as discount. Jan. 6: Purchased goods from Bharat Rs. 5,000. Jan. 8: Purchased plant from Mukesh for Rs. 5,000 and paid Rs. 100 as cartage for bringing the plant to the factory and another Rs. 200 as installation charges. Jan. 12: Sold goods to Rahim on credit Rs. 600. Jan. 15: Rahim became insolvent and could pay only 50 paise in a rupee. Jan. 18: Sold goods to Ram for cash Rs. 1,000 Jan. 20: Paid salary to Ratan Rs. 2,000 Jan. 21: Paid Anand Rs. 4,800 in full settlement. Jan. 26: Interest received from Madhu Rs. 200 Jan. 28: Paid to Bablu interest on Loan Rs. 500 Jan. 31: Sold goods for cash Rs. 500 Jan. 31: Withdraw goods from business for personal use Rs. 200 QUESTION 2 Journalise the following transactions for the month of January 2006: