Pass journal entries of M/s Rao & Co for the period Jan 2004 and open necessary ledger accounts.
January 1
January 2
January 3
January 4
January 5
January 7
January 8
January 9
January 10
January 11
January 13
January 15
January 17
January 20
January 22
January 25
January 26
January 27
January 29
January 31
Rao commenced business with 5,000
Bought goods for cash 2,500
Bought office furniture for cash 500
Paid for postage 10
Purchased goods from Rajkumar 2,000
Sold goods for cash 150
Bought goods from Rahim 400
Sold goods to Suresh 400
Sold goods to Nayak 300
Purchased goods for cash 350
Received cash from Nayak 25
Paid cash to Rahim 400
Returned goods to Rajkumar 200
Suresh returned goods 50
Paid salaries 150
Sold goods for cash 500
Rao withdrew for personal use 800
Paid for stationery 100
Paid rent 225
Received commission 50
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