Enter the following transactions in cash book and bank book with discount columns. 2013
May 1 Balance of cash in hand `40,000, Overdraft at bank, `5,00,000.
May 4 Invested further capital of `20,00,000 out of which `6,00,000 deposited in the bank.
May 5 Sold goods for cash, `3,00,000.
May 6 Received cheques from debtors of last year, `8,00,000, discount allowed to them, `20,000.
May 10 Purchased goods for cash, `5,50,000.
May 11 Paid Raman Sharma (creditor), `2,50,000, discount allowed by him, `5,000.
May 13 Commission paid to sales agent, `60,000.
May 14 Office furniture purchased from Karan, `20,000 for cash.
May 14 Rent paid, `15,000.
May 14 Electricity charges paid, `1,000.
May 16 Draw cheque for personal use, `70,000.
May 17 Cash sales, `2,50,000.
May 18 Received cheque from Ajay, `4,00,000, deposited in the bank next day.
May 19 Draw from the bank for office use, `50,000.
May 22 Draw cheque for petty cash, `15,000.
May 24 Dividend received by cheque, `5,000, deposited in the bank on the same day.
May 25 Commission received by cheque, `25,000; deposited in the bank on 28th May.
May 29 Paid from the bank salary of the office staff, `1,50,000.
May 29 Paid salary of the manager by cheque, `50,000.
May 30 The cash amount in excess of `1,00,000 is required to deposited with bank as per the policy of the firm.