Journalise the following transactions in the books of Bhushan Agencies: Received cash from Bharat ₹ 20,000, allowed him discount of ₹ 500.

Journalise the following transactions in the books of Bhushan Agencies:

(i) Received cash from Bharat ₹ 20,000, allowed him discount of ₹ 500.

(ii) Received from Vikas ₹ 35,000 by cheque, allowed him discount of ₹ 750.

(iii) Received cash from Akhil ₹ 38,000 in settlement of his dues of ₹ 40,000.

(iv) Received from Amrit ₹ 50,000 by cheque on account against dues of ₹ 60,000.

(v) Paid cash ₹ 39,200 to Suresh in settlement of his dues, availed discount of 2%.

(vi) Paid by cheque ₹ 25,000 to Mehar in settlement of her dues of ₹ 26,000.

(vii) Paid ₹ 25,000 to Yogesh by cheque on account.

(viii) Purchased goods costing ₹ 1,00,000 against cheque and availed discount of 3%.

(ix) Purchased goods costing ₹ 60,000 from Akash & Co., paid 50% immediately availing 3% discount.

(x) Sold goods of ₹ 30,000 against cheque allowing 2% discount.

(xi) Sold goods of ₹ 60,000 to Vimal received 50% of due amount allowing 2% discount.

(xii) Mittal Bros. purchased 100 shawls @ 3,000 per shawl. Allowed 10% Trade Discount and 3% Cash Discount if payment is made within 14 days. Mittal Bros. received 10 shawls of poor quality, which it returned. Mittal Bros. settled the payment in 10 days.

(xiii) Sold to Gupta Shawls, 100 shawls @ 200 per shawl on 4th January, 2022. Trade Discount 25% and Cash Discount 5% if full payment is made within 14 days. Gupta Shawls sent 50% of the payment on 14th January, 2022 and balance payment on 10th February, 2022.

[Hint: Gupta Shawls will not get cash discount as full payment is not made by it within 14 days.]