1 Vijay commenced business with cash 1.50,000 May 4 Paid marriage expenses of proprietor's daughter from the business + 41,000. May 12 Life insurance premium paid on the life of proprietor's wife 12.000 May 14 Rent of the residence of the proprietor paid from his own pocket 18.000 May 18 Personal cash paid to purchase machinery for the business 74,000 Hints :
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