Q.3. Record the following transactions in Journal and post them in ledger and prepare a trial balance: 2010 May 01: Mr. Usama started business Rs. 100,000 cash, Machinery worth Rs. 12,000 and Stock worth Rs.60, 000. May 04: Deposited into bank Rs.60, 000. May 09: Bought goods on Account from Tayyab Sons Rs. 40,000. May 14: Sold goods to Faisal for Rs. 14,000. May 25: Issued a cheque to Tayyab Sons of Rs. 29,800 in full settlement of his account. May 30: Received cash from Faisal Rs. 12,750 in full settlement of his account.