1. Journalize the following transactions:

i. Closing stock is Rs. 50,000

ii. Depreciation is to be charged at 10% on the furniture, which is valued at Rs. 80,000

iii. Interest on capital is to be provided at 15% on the opening balance of Rs. 1,00,000

iv. There is a bad debt amounting to Rs. 2000

v. Interest received in advance Rs. 1500

vi. The proprietor withdrew goods of Rs. 10,000 for personal use

vii. Interest on drawings is to be charged Rs. 1000

viii. Prepaid telephone charges Rs. 8000