91 Chapter 1.2 Recording of Transactions Q. No.15.2Following transactions are given to you: i. Purchased Bike from Hero Rs.2,00,000 and paid by cheque only Rs.50,000 as partial payment. Purchased a piece of land from ZUZU Brose for Rs.1,00,000 iii. Old Bike sold to Ram of Rs.1,50,000. V. Land apreciated by Rs.50,000. i Ram, who owed Rs.1,50,000 declared insolvent and only 60% realized from his estate viGoods costing Rs.10,000 was lost by fire, no claim admitted by Insurance Company vii. Goods costing Rs.20,000 destroyed by fire and Rs.12,000 claim admitted by Insurance Compwany Required: Journal Entries