Record the following transactions in the Journal of Sonu Furniture Traders, Ludhiana (Punjab): 2018Jan 10 Purchased machinery against cheque ₹ 1,00,000 Jan 20 Purchased timber from Ashoka & Co, Ludhiana (Punjab) of the list price ₹ 20,000 @ trade discount Jan 31 Sold Timber to Rakesh of the list price of ₹ 10,000 and allowed him 10% trade discount Feb 10 Issued to Ashoka & Co. a cheque in full settlement ₹ 20,160 Feb 15 Received from Rakesh in full and final settlement ₹ 10,080 Feb 28 Issued a cheque for ₹ 5,000 in favour of the landlord for rent of FebruaryCGST and SGST is levied @ 6% each on intra-state sale and purchase. IGST is levied @ 12% on inter-state sale and purchase
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