A trader started business on January 1st, 2007 by investing cash Rs.60,000 and equipment worth Rs.40,000. During the month the following transactions were completed: REQUIRED -Record the above transactions in the General Journal.* Purchased merchandise on credit Rs.40,000 Sold merchandise on credit Rs. 18,000 & for cash Rs. 10,000 Thecustomers returned merchandise Rs. 2,000 soldon credit and the merchandise returned to supplier's worth Rs.3.000. Paid cash to suppliers Rs.10,000 and cash collected from customers Rs. 15,000 Cash paid to employees Rs.6,000 and cash used by the proprietor Rs.3.000. The Owner withdrew Rs.8,000 cash for his personal use. Paid rent, Rs.5,000 Paid for advertising Rs. 25,000