Journalise the following transactions of a hypothetical firm during the period January 1 to January 31.
January 1 Ajit commenced business with cash, `10,00,000.
January 2 Deposited cash into bank, `7,50,000.
January 3 Purchased building for `2,00,000 and payment is made by cheque.
January 4 Purchased goods for cash, `50,000.
January 6 Purchased goods on credit, `1,00,000 from XYZ & Company.
January 6 Paid cartage on goods purchased, `5,000.
January 6 Cash purchase of furniture for office, `50,000.
January 10 Sold goods for cash, `1,75,000.
January 12 Sold goods on credit to Shyam, `60,000.
January 17 Withdrew from the bank, `30,000 for private use.
January 20 Paid sundry expenses, `10,000 in cash.
January 25 Paid salaries of office staff, `20,000 in cash.
January 31 Paid rent, `20,000 by cheque.