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Abdul Ghafoors Ice House was formed in October 01, 2015. On October 31, the balance sheet showed: Cash Rs.7000; Accounts Receivable Rs.2000; Supplies Rs.500; Office

Abdul Ghafoors Ice House was formed in October 01, 2015. On October 31, the balance sheet showed: Cash Rs.7000; Accounts Receivable Rs.2000; Supplies Rs.500; Office Equipment Rs.5000, Accounts Payable Rs.5,500, Common Stock Rs.7,500 and Retained Earnings Rs.1,500, During February, the following transactions occurred:

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