Q.2 the following balances appeared in the books of Rajesh as on 1st April, 2017: Date Apr.4 Assets: Cash 50000; Stock 30000; Debtors 50000; Machinery 60000; Liabilities: Creditors-Suresh 30000. Following transactions took place in April 2017: Particulars Sold goods for cash 7000 and on credit 3000 to Ramesh Apr. 6 Ramesh Returned Goods for 1000 Apr. 10 Purchased goods from Suresh List Price 10000 valued at 9000 Apr. 15 Purchased goods of List price of 15000 from Rakesh Less 10% Trade discount Apr.20 and 5% Cash Discount and 40% of Price was paid immediately Paid to Suresh 38600 in Full settlement of his account Apr. 25 Apr. 30 Paid 500 for the Life Insurance Premium of the proprietor Received for commission 2000 Pass Journal Entries for the above transactions and post into Ledger, Balance the accounts and prepare Trial Balance.