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Please explain step wise. Q. 17. Enter the following transactions in two column cash book and find out the cash and bank balance : 2006

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Please explain step wise.

Q. 17. Enter the following transactions in two column cash book and find out the cash and bank balance : 2006 Jan ! Started business with cash 20.000 Jan 2 Opened a current account with the S.B.I. 8.000 Jan. 3. Bought goods by cheque 150 Jan 4 Received cheque from Ram 200 Jan. 5 Sold goods for cash Jan. 7 Paid into bank : () Cash 30 (in) Cheque 200 230 345 Jan. 8 Paid Shyam by cheque 180 Jan 8 Paid carriage by cheque 200 Jan. 10 Drew cash from bank for office use 60 Ion 30 Paid wages by cheque

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