(4) Juli Brown started her own consulting firm on Jul 1, 2020. The following transactions occurred during the month of July: 2020 July 01: Invested
(4) Juli Brown started her own consulting firm on Jul 1, 2020. The following transactions occurred during the month of July: 2020 July 01: Invested Tk. 1,40,000 cash in the business. July 03: Paid Tk. 16,000 for office rent for the month. July 05: Performed services Tk. 66,000 on account. July 10: Purchased office equipment for Tk. 48,000 on account. July 12: Paid Tk. 1,000 for the advertise in the Daily News. July 15: Paid Tk. 5,000 for employees; salaries for the month. July 17: Received Tk. 20,000 cash for service provided. July 19: Paid for the equipment purchased on account on July 10. July 22: Withdraw Tk. 14,000 cash for personal use. July 25: Paid Tk. 3,000 for utility expense. July 27: Received cash for service provided on account July 5 Tk. 50,000 July 30: Borrowed Tk. 1,00,000 from the Bank on a note payable. July 31: Purchased other equipment for cash Tk. 52,000. Required: Journalize above the transaction in the book of Juli Brown.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started