Pass journal entries and make ledger accounts.
(i) Started business with cash ₹3,50,000
(ii) Deposited cash into bank ₹1,10,000
(iii) Purchased machinery for ₹33,000 in cash
(iv) Paid rent ₹5,500 by cheque
(v) Purchased goods of ₹45,000 from Ashok
(vi) Paid wages for the month ₹3,500
(vii) Paid electricity bill ₹1,200 by cheque
(viii) Sold goods to Neeraj of ₹98,000
(ix) Paid ₹10,000 for advertising by cheque
(x) Issued a cheque of ₹40,000 to Ashok
(xi) Received a cheque of ₹70,000 from Neeraj
(xii) Paid salary ₹12,000 for the month by cheque
(xiii) Bank credited our account with ₹300 for interest
(xiv) Purchased goods of ₹25,000 and issued cheque
(xv) Sold goods of ₹42,000 and received cheque.