# 01 Following are the transactions for the period March 31, 2021 in the books of Joy Traders 01-03-2021 Mr. Joy started business with cash Tk. 600,000, cash at Bank Tk. 700,000, furniture Tk. 200,000. 01-03-2021 Purchased Plant & Machinery worth Tk. 250,000 by cheque. 02-03-2021 Purchased goods from ABC Ltd worth Tk. 800,000 @10% trade discount. 03-03-2021 Cash Sales Tk.1,000,000 @5% trade discount to XYZ Traders 05-03-2021 Deposited cash with Bank Tk. 500,000. 05-03-2021 Paid ABC Ltd Tk. 300,000 in cash. 08-03-2021 Received commission Tk.75,000 by cheque. 09-03-2021 Cash Purchases Tk. 250,000. 11-03-2021 Sold goods to XYZ Traders Tk. 475,000. 11-03-2021 Received Tk. 275,000 by cheque from XYZ Traders. 12-03-2021 Loan taken from Bank Tk. 200,000 12-03-2021 Purchased goods from ABC Ltd Tk. 50,000. 14-03-2021 Withdrew cash from bank Tk. 10,000. 15-03-2021 Received commission Tk. 55,000 in cash. 15-03-2021 Paid ABC Ltd Tk. 70,000 by cheque. 16-03-2021 Received Tk. 90,000 in cash from XYZ Traders. 16-03-2021 Bank loan repaid Tk. 50,000. 18-03-2021 Cash Purchases Tk. 25,000. 19-03-2021 Sold goods to XYZ Traders Tk. 47,000. 21-03-2021 Withdrew cash from bank Tk. 15,000. 22-03-2021 Received interest from bank Tk. 5,000. 22-03-2021 Purchased goods from ABC Ltd Tk. 75,000. 22-03-2021 Cash Sales Tk. 100,000. 23-03-2021 Deposited cash with Bank Tk. 35,000. 24-03-2021 Cash Purchases Tk. 450,000. 25-03-2021 Office was taken on rent in the month of March. Office rent paid in cash Tk. 50,000. 26-03-2021 Employees were hired in the month of March.2021 Paid partial salary by cheque Tk. 30,000 & cash Tk. 30,000 for this month. 27-03-2021 Sold goods to XYZ Traders Tk. 675,000. 29-03-2021 Paid store rent by cheque Tk. 50,000. 31-03-2021 Received electricity bill for March Tk. 9,000.00 31-03-2021 Received telephone bill for March Tk. 6,000.00 31-03-2021 Paid salary in cash 30,000 for the month of March 2021 You are required to: (A) Journalize the transaction with explanation (B) Post the transactions in the ledger accounts ( C ) Prepare a Trial Balance for March, 31, 2021 ( D) Prepare an Income Statement and a classified Balance for Marc 30, 2021 based on the information available in the trial balance.