Q2 Journalise the following transactions in the books of M/s Chand & Sons: S.No. Transaction 1 The opening ledger balances of were as follows: Cash in hand - Rs. 25, 000; Cash at bank - Rs. 2,18, 000; Bills receivable - Rs.86,000; Debtors - Rs 2,23,000; Stock - Rs 3,12,000; Creditors - Rs 3,12,400; Equipment - Rs. 5,84,000; Capital Rs 25,00,000 and Building - Rs 10, 23,000 2 Goods worth Rs 50,000 were withdrawn by the owner for personal use 3 Rent amounting to Rs. 11,000 has been prepaid 4 Bank collected dividends Rs. 19,000 5 Invested Rs. 4,45,000 in bonds issued by UTI 6 Paid to Surya Rs. 15, 000. The amount includes repayment of loan and interest of Rs.3,000 7 Raman was declared insolvent, fifty paise in a rupee was received from his estate, total debt being Rs. 1,85,000 Goods worth Rs. 1, 50,000 were destroyed by fire. The insurance company admitted a claim of 60 per cent 8