1. Initial investment by owners, Rs.100,000 cash. 2. Acquisition of inventory for Rs.75,000 cash. 3. Acquisition of inventory for Rs.135,000 on open account. 4. Merchandise carried in inventory at a cost of Rs.100,000 was sold on open account for Rs.120,000. 5. Cash collections of accounts receivable, Rs.30,000. 6. Cash payments of accounts payable, Rs.8,000. 7. Paid office rent in advance Rs. 15,000 8. Received commission in advance Rs.5,000. 9. Deposited Rs.10,000 in bank. 10. Withdrew cash Rs.5,000 and merchandise of Rs.2,000 for personal use