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G BL 3011269 96x625) X Sports X Glowing fra H et02-xythos.content.blackboardcdn.com/5f28a91920991/3011269?X-Blackboard-Expiration=1636059600000&X-Bla- 0.2.1 Following transactions took place during the first month of operations of the business

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G BL 3011269 96x625) X Sports X Glowing fra H et02-xythos.content.blackboardcdn.com/5f28a91920991/3011269?X-Blackboard-Expiration=1636059600000&X-Bla- 0.2.1 Following transactions took place during the first month of operations of the business started by Mr. Aslam on November OL, 2015. Nov! Started business with cash Rs.50,000 and tfurough cheque Rs.100,000. Nov 2 Purchased furniture for Rs.5,000 in cash. Nov 2 Purchased machinery through cheque for Rs.6,000. Nov 3 An item of furniture was defective and returned to supplier costing Rs.500. Nov 3 An item of machinery costing Rs.2,000 was of wrong specification and was returned. Nov 4 New furniture and machinery purchased on credit costing Rs.400 and Rs.200 respectively Nov 5 50% of cost was paid by cheque for purchases of Nov 4. Nov 6 Owner withdrew Rs.500 in cash and Rs.250 through cheque for his personal use. Nov 7 Purchased goods for cash Rs.1,000 and through cheque Rs.800. Nov 8 Goods costing Rs.800 were purchased on credit. Nov 9 A payment of R.: 270 was made in cash to the supplier of goods. Nov 10 "Goods returned of Rs.50 which were purchased on credit. Nov 11 New furniture purchased costing Rs.600 on credit. Nov 12 Owner has taken goods of worth Rs.80 for his personal use. Nov 13 Furniture purchased costing Rs.800 in cash. Nov 14 Purchased goods costing Rs.400 through cheque. Nov 15 Returned goods costing Rs.100 which were purchased on credit. Nov 16 Cash sales Rs.20,000 Nov 17 Sales of Rs.10,000 received through cheque, Nov IS Sales returns of Rs.1,200 which were received through cash. Nov 19 Credit sales made R$ 4,000 Nov 20 Debtor paid us Rs.500 in cash. Nov 21 Business received Rs 100 in cash from a customer owing to business Nov 22 Business paid Rs.200 through cheque owing to supplier of goods. Nay 23 A long term loan of Rs 1000 was taken from HBL through cheque Nov 24 25% of loan amount repaid though cash. Nov 25 Other income received in cash Rs.400. Required: Record the business transactions in journal

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