1.

Enter the following transactions in the journal of M/s. Rakesh Brothers : -` January 1 Commenced business with cash 50,000 January 2 Deposited cash into Bank 40,000 January 4 Goods bought from Rangnath and paid him by cheque 20,000 January 5 Sold goods to Bachhulal on credit 15,000 January 10 Received cheque from Bachhulal and sent to Bank 15,000 January 12 Sold goods to Vinay Brothers 10,000 January 18 Received cheque from Vinay Brothers 10,000 January 20 Vinay Brother’s cheque deposited into Bank 10,000 January 22 Withdrew cash for office from Bank 5,000 January 25 Withdrew cash for private use from Bank 2,000 January 26 Vinay Brother’s cheque was dishonoured 10,000 January 28 Bank charges debited by Bank 200 January 29 Interest credited by Bank on deposits 300​

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