Prepare Two Column Cash Book from the following transactions and balance the book on 31st Jan., 2014:- 2014 Jan. 1 Cash in hand ₹ 50,000; Bank overdraft ₹ 1,90,000. Jan. 2 Purchased goods from Rajesh Kumar of the list price of ₹ 50,000 at 5% trade discount and payment made by cheque. Jan. 6 Goods sold for ₹ 80,000 and payment received by cheque. Cheque deposited into Bank on same day. Jan. 10 Goods purchased for cash ₹ 19,800. Jan. 15 Furniture sold for ₹ 1,77,000 and payment received by cheque & cheque deposited into Bank on same day. Jan. 18 Salaries paid ₹ 4,500. Jan. 21 Settled the amount due to Ram ₹ 2,000 by paying cash ₹ 1,910. Jan. 22 Cash received from Jai ₹ 14,780 in full settlement of his account of ₹ 15,000. Jan. 23 Paid Life Insurance premium ₹ 1,500. Jan. 31 Deposited with bank the entire balance after retaining ₹ 7,000 cash in hand.