14. Journalise the following transactions in the following casesJOURNAL AND LEDGERadvance together with order.him.(it) Received 4,000 toward refund of income tax and 500 for interest on advance tax paidcheque was immediately deposited into bank.(v) The bank intimated that Avinash's cheque has been returned dishonoured.discount,government by cheque.15. How would you record the following transactions in Journal ?(1) Purchased a running business for 1,50,000.(17) Bought goods of invoice price of 6,000 from Bhashkar at 10% trade discount and 5% cash discountHalf the amount was paid in cash.[Hints : Cash discount received 135.)(i) Goods of invoice price of 10,000 were sold to Sankar at 20% trade discount and 10% cash discountare available(iv) An order for supply of goods worth 7,500 has been received from Manik.() Deposited in fixed deposit account 50,000 and in current account 10,000.repair5% tradeandmand paidas sample16. Enter the following transactions in Journal :(1) Machinery worth * 60,000 was insured for 7 50,000 and paid insurance premium ® 2%(1) Bought goods from worth 72,00,000 from American company and paid import duty of < 25,000 on theimported goods.(io) Paid excise duty = 5,000 by cheque and paid commercial tax ? 15,000 in cash.(0) Defalcation made by the cashier 6,000(vi) Bought goods worth * 60,000 from Dayal & Sons at 25% trade discount and paid two-third amount bycheque and one-third amount in cash.17. Enter the following transactions in the Journal :() Bought goods of list price $30,000 from Asish at trade discount 10% and 2% cash discount and paid50% amount by cheque.- chequeReceived valued order for 30,000 from Krishna for supply of goods and received 20,000 as an(ii) Goods worth ® 30,000 supplied to Krishna against the order and advance previously received from(iv) Received a cheque from Avinash worth * 14,400 against a debt of 15,000 in full settlement. The(v) Goods worth 4,000 was sold to a customer subject to sales tax of 10% and later on it was paid to the(i) Goods worth 5,000 were distributed to an office employee and goods worth 1,000 were distributed(m) The proprietor deposited 20,000, being personally earned into the bank account of the business.​