Following are the transaction of a company. I. Started business with cash Rs. 800,000 in exchange of 8,000 shares of Rs. 100 each. II. Deposited into bank Rs.300,000. III. Took a bank loan of Rs.…

Following are the transaction of a company. I. Started business with cash Rs. 800,000 in exchange of 8,000 shares of Rs. 100 each. II. Deposited into bank Rs.300,000. III. Took a bank loan of Rs. 100,000 @ 10% interest. IV. Sold merchandise goods for Rs.300,000 on account. V. Purchased merchandise goods for Rs.180,000 on account VI. Paid Rs.10,000 for insurance premium. VII. Received Rs.270,000 after deduction of 10% discount from the customers VIII. Paid Rs. 170,000 in full settlement of Rs.180,000 by cheque. IX. Paid electricity bill Rs. 5,000 X. Pre-paid office rent Rs.26,000 by issuing cheque. Additional Information a) Closing stock Rs, 20,000. b) Prepaid rent expired Rs. 24,000. c) Outstanding interest Rs.10,000 Required: a. Journal entries for above transactions (6) b. Accounts receivable and payable account (2) c. Triple column cash book (4) d. Adjusted Trial balance (3)