Malavika Drugs Ltd, was constituted by Ms. Malavika Tandon in 2000. Its financial position as on 1 January 2004 is given as:

01 January 2004 Assets: leasehold office Rs 60,000; machinery Rs 80,000; cash-at-bank Rs 80,000;

cash-in-hand Rs 4,000; due from Rahul Organics Rs 25,000; due from Decan Chemicals Rs 5,000; furniture Rs 15,000; stock of finished medicines Rs 18,000; liabilities, loans from Punjab National Bank at 10%; due to Unichem Pharmaceuticals Rs 15,000 02 January 2004 Drawn from bank for making payment of salaries and wages Rs 15,000 03 January 2004 Salaries and wages paid in cash Rs 4,580 05 January 2004 Purchased raw material from New Pharma Ltd in cash Rs 8,000 07 January 2004 Returned raw material to New Pharma Ltd due to certain defects Rs 500 08 January 2004 Sold drugs to Rahul Organics Rs 30,000 09 January 2004 Paid excise duty by cheque Rs 1,500 10 January 2004 Paid to Lupin Laboratory by cheque in full settlement of dues Rs 8,950 14 January 2004 Received from Decan Chemicals by cheque in full settlement Rs 4,975 15 January 2004 Paid cash to M/s Arco Engineering Co. for repair of the machinery Rs 750 18 January 2004 Sold drugs to Rahul Organics. Rs 10,000 19 January 2004 Purchased raw materials from M/s Hanniman Chemicals Rs 22,000 20 January 2004 Received in cash from Rahul Organics Rs 20,000 21 January 2004 Purchased raw materials from M/s Preeti Industries Rs 6,000 23 January 2004 Sold medicines to Sharma Chemists & Druggists Rs 15,000 24 January 2004 Appointed accounts assistant Mr Ramesh and a peon at a monthly salary of Rs 5,000 and 2,000 p.m. respectively 25 January 2004 Paid for advertisement in newspaper in cash Rs 5,000 27 January 2004 Insurance premium paid in cash Rs 1,500 28 January 2004 Paid legal charges in cash Rs 1,000 29 January 2004 Paid rent in cash Rs 1,750 30 January 2004 Drawn from bank Rs 5,000 30 January 2004 Paid cash for repair charges for furniture to Ramu Rs 375 30 January 2004 Sold medicines to Sharma Chemists & Druggists Rs 5,000 31 January 2004 Paid by cheque to New Pharma Ltd Rs 5,000 31 January 2004 Received cheque from Rahul Organics Rs 10,000 31 January 2004 Unpaid salaries to staff for the month Rs 3,700 Assignment 1. You are required to record the above transactions in the proper books of accounts of Malavika Drugs Limited.
2. Prepare the trial balance of Malavika Drugs Limited as on 31 Jan 2004.