Journalise the following transactions:
Rajan commenced business by introducing capital in cash Rs.11,000 and by cheque Rs.1,50,000. Purchased car for Rs.3,00,000 by taking loan of Rs.2,50.000 from bank. Purchased goods for Rs.1,00,000 and availed Trade Discount of Rs.10,000. Paid Rs.5,000 to bank as installment, Rs.2,000 towards principal and Rs.3,000 as interest.
