Question
(1) Mr. Sagor started a travel agency name Eagle Travel Agencyone 1st May, 2020. He invested cash Tk. 2,75,000 and equipment Tk.80,000 on May 01,
(1) Mr. Sagor started a travel agency name ‘Eagle Travel Agency’one 1st May, 2020. He invested cash Tk. 2,75,000 and equipment Tk.80,000 on May 01, 2020. Other transactions during the month are asfollows:
May 03: Purchases supplies for cash Tk. 9,000.
May 05: Paid office rent for the month Tk. 10,000.
May 08: Received cash Tk. 45,000 from customers for travels.
May 11: Advertising incurred in the Daily Newspaper on account Tk.3,500.
May 15: Purchase equipment Tk. 50,000 of which paid Tk. 30,000 incash and balance on account.
May 18: Withdraw cash for personal use Tk. 6,000.
May 22: Paid to the Daily Newspaper on May 11.
May 26: Paid payroll for the month Tk. 15,000.
May 31: Supplies used during the month Tk. 5,500.
Required: Show journal entries in the books of ‘Eagle TravelAgency’.
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