Record the following transactions of Sumanto, Kochi in Two-column Cash Book and balance the book on 31st January, 2018: 2018 Jan1. Cash balance Rs.1,000, Jan1. Bank balance Rs.14,500 Jan1. Cash received from sale of shares* Rs.60,000 Jan2. Paid into bank Rs.50,000 Jan3. Purchased goods from M/s. Agarwal and Co. Rs.13,000 Jan4. Paid wages Rs. 2,500. Jan5. Received from Mohan a cheque for Rs.9,800 against due of Rs.10,000 in full settlement of his account. Jan8. Mohan’s cheque deposited into bank Jan14. Paid for stationery Rs. 500. Jan18. Bought goods Rs.6,720 Jan19. Paid Shyam by cheque Rs.3,700. Discount received from him Rs.300. Jan20. Drew from Bank Rs.3,000 Jan22. Cash drawn from Bank for personal use Rs.2,000. Jan24. Cash Sales, Rs. 1,900. Jan27. Received from Sharma Rs.18,000. Discount allowed Rs.500. Jan28. Deposited cash into Bank Rs.15,000. Jan28. Gave cheque for cash purchases Rs.2,240 Jan30. Paid rent by cheque each Rs.2,000

Sumanto, Kochi

Two-Column Cash Book

Date   Description  Cash  Bank  Dis.  Date  Description  Cash   Bank  Dis.

                                                    All'd                                                     Rec'd

Jan. 1  Balance      1,000  14,500         Jan. 2  Bank        50,000

Jan. 1  Shares    60,000                      Jan.14  Stationery     500  

Jan. 2 Cash                    50,000          Jan.18  Purchase   6,720

Jan. 8 Mohan                   9,800  200 Jan.19 Shyam                    3,700  300

Jan.20 Bank       3,000                        Jan.20 Cash                     3,000

Jan.24 Sales       1,900                        Jan.22 Drawings              2,000

Jan.27 Sharma 18,000               500  Jan.28  Bank       15,000

Jan.28 Cash                  15,000           Jan.28 Purchases            2,240

                                                            Jan.30  Rent                     2,000

                                                           Jan.30  Balance  11,680 76,360          

                       83,900  89,300  700                             83,900 89,300   300

Feb. 1  Balance 11,680  76,360

Explanation:

Sumanto, Kochi's two-column Cash Bank shows two columns for cash and bank on the debit and credit sides and also the discount allowed and discount received on the debit and credit sides respectively.

the specific actions take by the fed. what the fed was attempting to do by taking these actions. the result of the actions taken by the fed