18 Give journal entries of M/s Mohit traders, Poşt them to the Ledger from the following transactions: Rs. August 2014 1,10,000 1. Commenced business.with cash 50,000 2. Opened bank account with H.D.F.C. 20,000 3. Purchased furniture 30,000 Bought goods for cash from M/s Rupa Traders Purchased good from M/s Hema Traders Sold goods for cash Sold goods on credit to M/s. Gupta Traders Rent paid Paid trade expenses Received cash from Gupta Traders 7. 42,000 8. 30,000 10. 12,000 14. 4,000 16. 1,000 18. 12,000 20. 2,000 22. Goods return to Hema Traders 40,000 Cash paid to Hema Traders Bought postage stamps Dold calary to Rishabh 23. 100 25. 4,000 00

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