Record the following transactions in the Journal of Ashoka Furniture Traders, Ludhiana (Punjab): 2019 ₹ Jan. 1 Started business with cash 50,000 Jan. 2 Opened a Current Account by personal cheque 3,50,000 Jan. 10 Purchased machinery against cheque 1,00,000 Jan. 15 Paid wages for installation of machinery 2,000 Jan. 20 Purchased timber from Singh & Co., Ludhiana (Punjab) of the list price of ₹ 20,000 at 10% trade discount Jan. 25 Out of the above, timber used for furnishing the office 5,000 Jan. 31 Sold timber to Rakesh of the list price of ₹ 10,000 and allowed him 10% trade discount Feb. 10 Issued to Singh & Co. a cheque in full settlement 20,000 Feb. 15 Received from Rakesh in full and final settlement 10,000 Feb. 20 Paid Wages 15,000 Feb. 28 Issued a cheque for ₹ 5,000 in favour of the landlord for rent of February CGST and SGST is levied 6% each on intra-state sale and purchase. IGST is levied 12% on inter-state sale and purchase.