97Purchases A/c Dr. 950, Sales A/c Cr. 1,400, Furniture A/CPrepare Journal in the books of D.P. Singh from the following transactions and post them into Ledger :2016Jan. 1 Started business with capital50,0006 Paid into Bank20,0008 Purchased goods for cash4.0009 Paid to Ram1,980Discount allowed by him2010 Cash Sales3,00012 Sold to Hari for cash2,00015 Purchased goods from Ram4,00018 Paid wages to workers30020Received from Pankaj900Allowed him discount10022 Drew from Bank3,00025 Payment made to Ram by cheque50027 Drew for personal use20031 Paid Salary and Rent 1,000 and 100 respectivelyAns. Balance in Accounts : Capital A/c Cr. 50,000, Bank A/c Dr.16,500, Cash A/c Dr 31,320, Ram's A/c Cr.1,500, Wages A/c Dr. 300, Drawings A/c Dr. *200, Salary A/c Dr. * 1,000, Rent A/c Dr. * 100, DiscountA/c Dr. 80, Purchases A/c Dr. 8,000, Pankaj's A/c Cr. 1,000, Sales A/c Cr. 5,000]​