Illustration: 5 Journalize the transactions given below in the books of Sakesha & Co. : 2003 Jan. 1 1 2 5 7 8 10 11 12 14 17 20 25 30 Sakesha starts business with Rs. 40,000 Paid in to bank Rs. 36,000 Bought furniture for 1,700 and typewriter for Rs. 3,000, payment made by cheque Goods purchased from Ramasamy & Co. for 11,200 on credit Goods purchased from Porwal & Co. for Cash Rs. 2,200 Goods sold on credit to Gupta & Co. Rs. 3,000 Goods sold on credit to Chandra & Co. Rs. 5,600 Paid for office stationery Rs. 500 Paid rent Rs. 400 Brought fixtures for Rs. 2,000 Received cash from Gupta & Co. Rs. 2940; allowed them discount Rs. 60 Issued cheque for Rs. 11,000 in full settlement i.e., nothing more is due them) to Ramasamy & Co. Paid in to bank Rs. 2,400 Paid insurance premium Rs. 900 by cheque