Q1. Given below is a list of transactions relating to the stationery business of Aryan & Co. for the year ending March 31, 2020. You are required to journalize the transactions, create the ledger accounts and prepare the trial balance. Date Particulars Amount 1st Apr, 19 Capital contributed by Aryan 1,00,000 3rd Apr 19 Purchases from Kabir & Co. 200 pens of Rs. 80 each 100 copies of Rs. 40 each 5th Apr, 19 Purchased Furniture 30.000 7th Apr, 19 Deposited in Bank 50,000 10 Apr, 19 Paid Salaries 15,000 15 Apr, 19 Cash purchases made 20,000 20 Apr, 19 Sold goods to Mr. Rohit & Co. 500 pens of Rs. 125 each: 250 copies of Rs 110 each 22nd Apr, 19 Returned to Kabir & Co. 20 pens 15 copies 30 Apr, 19 Issued a cheque to Kabir & Co. in full settlement of their account 5th May, 19 Received cash Rs 5,000 and cheque for Rs 10,000 from Rohit & Co. The cheque was deposited in bank immediately. 25 May, 19 Sold to Gaurav & Co., 80 pens at Rs 130 each less 10% trade discount 31 May, 19 Gaurav & Co., returned 10 pens 5th June, 19 Purchased from Meera Ltd, 300 pens at Rs 90 each, and 200 pens at Rs 50 each 15 June, 19 Received from Gaurav & Co. 7,000 20 June, 19 Depreciate furniture at 10% 25 June, 19 Withdrew from bank 10,000 27 June, 19 Cash sales made 1,50,000 30 June, 19 Paid rent by cheque 4,000 5th August 19 Paid interest 1,200 15 August, 19 Aryan withdrew cash for personal use 6,500 [40 Marks