Ashish Agrawal forms a proprietary firm Surya Medical Equipments on 1 April, 20CY. The firm intends to engage in the business of sophisticated personal care equipments. The following are the details of the transactions entered in to by the firm during April.

Required:
1. Analyse the transactions with reference to the rules of recording and dual aspect concept, and 2. Record all the transactions in the journal of Surya Medical Equipments.

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Date April Transaction No. Transactions Amount (*) 1 1 2 2 3 3 4 4 Received cash from Ashish Agrawal towards his capital Opened current account with Axis Bank. Deposited cash. Purchased furniture for the use of the firm. Issued cheque. Purchased 'Automatic Blood Pressure Monitors' from Tomron Healthcare Company Ltd. on credit of 30 days. Received 2% trade discount from the vendor. (Amount shown here is before trade discount). 10,00,000 9,50,000 55,000 9,00,000 01 5 5 Sold Monitors to Shubham Medical Store on credit of 21 days. Allowed 1% trade dis- count to the customer. (Amount shown here is before trade discount.) 11,00,000 6 6 Monitors returned (being defective) by Shubham Medical Store. (Amount shown here is net of trade discount.) 60,000