Journalise the following transactions:

(a) Mohan started business with cash Rs. 80,000, Machine Rs. 40,000 and Furniture Rs. 20,000.

(b) Rent paid Rs. 12,000 of which Rs. 5,000 relates to next year.

(c) Salary for the month Rs. 20,000 of which only Rs. 14,000 paid.

(d) Bought goods of list price Rs. 40,000 from Mahesh at a trade discount of 10% and cash discount 2%.

(e) Sold goods of list price Rs. 60,000 to Ajay less 10% trade discount and 2% cash discount.

(f) Bought goods of list price Rs. 40,000 from Lakshay at a trade discount of 10% and cash discount 2%.But paid only 40% in cash.

(g) Sold goods of list price Rs. 60,000 to Amar less 10% trade discount and 2% cash discount. Amar paid 60% by cheque.

(h) Sold Goods costing Rs. 36,000 to Akshay invoiced at 25% above cost ,less 10% trade discount and 2 % cash discount. Akshay paid the entire amount in cash.

(i) Bought goods of list price Rs. 20,000 from Vidhi less 10% trade discount and 2% cash discount. Paid the entire amount to Vidhi in cash.

(j) Commission due but not received Rs. 2,000.

(k) Allow interest on capital @ 6% p.a for 6 months (capital amounts to Rs. 1,40,000 )

(l) Paid life insurance premium Rs. 5,000.

(m) Purchased a machine for Rs. 45,000 , paid freight Rs. 2,000 and wages Rs. 3,000 for its installation.

(n) On 1/1/12 Goods costing Rs. 8,000 lost by fire ,the goods were insured and on 5/1/12 insurance company admit a claim of Rs. 6,500 this claim is received on 15/1/12 by cheque.

(o) Paid Income tax Rs. 1,500

(p) Machine of book value Rs. 45,000 exchanged for a new machine of Rs. 80,000, for this purpose old machine was valued at Rs. 28,000 and the balance paid by cheque.

(q) Closing stock i.e. stock at the end of year valued at Rs. 5,000.

(r) Goods costing Rs.4,000 having sales price of Rs. 5,000 distributed as free samples.

(s) Rajesh who owed us Rs. 6,000 declared insolvent and paid only Rs. 3,500.

(t) Received Rs. 2,500 from Rajesh which were written off as bad.

(u) Interest on drawing to be charged Rs. 1,000