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Prepare ledger A/c and Trial Balance for the following transactions in the books of M/S. Mahesh & Co. : i. July 1 Started business with
Prepare ledger A/c and Trial Balance for the following transactions in the books of M/S. Mahesh \& Co. : i. July 1 Started business with cash of Rs. 10,00,000 out of which Rs. 5,00,000 were borrowed from bank. ii. July 3 Purchased Machinery from Bhim Traders of Rs. 1,50,000 and paid Rs. 10,000 for its Transportation. iii. July 7 Purchased Furniture of Rs. 1,00,000 from M/s. Manish Traders. iv. July 10 Sold goods of Rs. 50,000 for cash . v. July 15 Withdrawn goods of Rs. 30,000 for his personal use
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