Analyzing the effects of Business Transactions:

Bivocal Consulting Inc was established on January1 and during January, Bivocal entered into the following transactions (in lakhs):

January1-Issued INR 20,000 equity shares in exchange for cash.

January3-Purchased INR 300 of supplies on account.

January7-Prepaid INR 1,500 total for February,March and April rent January8-Paid INR 175 towards the January3 purchase of supplies January11-Billed customers INR 5,780 for services rendered January12-Paid INR 700 for JanuaryAdvertising January25-Received INR 5,500 from customers billed on January11 January28-Paid INR 200 in dividends to stockholders January29-Paid INR 1,200 for Januarysalaries

January29-Paid INR 760 for Januaryutilities

For this question prepare the transaction statement as discussed in class/monopoly sessions. Also prepare the income statement and the Balance Sheet)

PLEASE MAKE SUBMISSIONS IN EXCEL