Illustration 23. Journalize the following transactions in the books of M/s Kothari & Sons, post them into ledger and prepare trial balance for April 2013: Apr. 1: Commenced business with 40,000. Apr. 4: Bought goods for cash 4,000 Apr. 7: Sold goods 3 700 (for Cash) Apr. 10: Bought goods from M/s Bhandari Bros. 3,000 at 10% trade discount. Apr. 14: Purchased machinery of 5,000 from M/s Kirloskar Bros. Apr. 16: Paid for transportation of machinery 500 & installation charges 300 on it. Apr. 20: Paid quarterly interest on borrowed amount of * 5,000 at 12% p.a. Apr. 24: Supplied goods to M/s Kunal & Sons 3,500. Apr. 27: Paid to M/s Bhandari Bros. * 2600 in full settlement of account. Apr. 28: M/s Kunal & Sons returned goods worth 300 & paid for 1,200 on account. Apr. 29: Received commission * 250. Apr. 30: Paid conveyance to manager 450. FINANCIAL ACCOUNTING I 1.81