Show opening entries and also show how the transactions for the year will be shown in journal.

The following transactions were executed during April 2010:

(i) Cash sales ₹1,20,000 

(ii) Sold goods to Mohan ₹85,000 

(iii) Purchase of goods ₹34,000 and issued cheque 

(iv) Paid rent by cheque of ₹23,500

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Liabilities Owner's Capital Secured Bank Loan Bank Overdraft Sundry Creditors Balance Sheet as on March 31, 2010 Amount (*) Assets 5,00,000 Plant & Machinery 50,000 Furniture 1,70,000 Stock 20,000 Sundry Debtors Cash Bank 7,40,000 Preliminary Expenses Goodwill Amount (*) 3,10,000 1,20,000 1,90,000 25,000 10,000 25,000 20,000 40,000 7,40,000