1. Bookkeeping is wider than accounting-Do you agree with this statement. Justify your answer with proper description.

2. On May 1, 2018 Mr. H. Mahmud established Matrix Travel Agency. The following transactions were completed during the month.

May 1 Invested Tk. 10,000 in cash to start the agency

2 Paid Tk. 400 in cash for May office rent.

3 Purchased office equipment for Tk. 2,500 in cash.

4 Incurred Tk. 300 of advertising costs in the Daily Prothom Alo on account.

5 Paid Tk. 600 cash for office supplies.

6 Earned revenue of Tk. 7,500, of which Tk. 1,000 is collected in cash and the balance

is due in May.

7 Withdrew Tk. 200 in cash for personal use.

8 Order to purchase office equipment for Tk. 2000.

9 Paid the Daily Prothom Alo amount due in transaction

10 Paid employees salaries Tk. 2,200

11 Received Tk. 1,000 in cash from customers who have been billed in transaction

Required:

i) Prepare a Tabular Analysis of the May transactions.

ii) Prepare an Income Statement, Owners Equity Statement for the month of May and a Balance Sheet as on May 31, 2018.