The following are the transactions of M/s Poonam Traders.  Date   Particulars  2017  April 1  Poonam started his business with cash 3,00,000  April 3  Poonam opened an account in a bank with cash 90,000  April 5  Purchased goods from Mohan Singh on credit 120,000 and also paid carriage of 6,000 April 7 Sold goods to Rajeev 60,000 April 8 Due to some quality defect Mohan Singh returned goods of 30,000  April 10  Sold goods to Ayesha for 2,10,000 April 11 Paid rent of 30,000  April.12 Purchased Furniture for cash of 24,000 April.15 Paid through a cheque of 15,000 for advertisement April 17 Withdrawn 18,000 from Bank for personal use  April 19 Recovered 1,95,000 from Ayesha in full settlement of his account  April 25 Goods costing 3,000 donated to NGO April.27 Salaries paid to employees 45,000 April.29 Interest received from Bank 6,000  April 30 Bought goods of the list price of 2,000 from Dalpat less 10% trade discount and 5% cash discount and paid 40% price immediately by cheque immediately.
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