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A.Record the transactions in the journal B. Post the journal entries to the ledger C. Prepare the January 31, 2019 trial balance 1. On January
A.Record the transactions in the journal B. Post the journal entries to the ledger C. Prepare the January 31, 2019 trial balance
1. On January 1, 2019, Naveen Mehta started Mehta & Co. The following transactions took place in the first month: Date Jan 1 3 4 6 8 10 14 16 18 Transactions Naveen invested cash in the company's share capital Took a bank loan Paid subscriptions for six months for a magazine Bought a car for cash Bought car supplies for cash Provided services for cash Billed customers for services Paid car insurance premium for the month Collected receivables Received advance from a customer Bought office supplies on credit Used car supplies Paid petrol bill for the month Paid employee salary Paid dividend Amount (Rs) 625,000 25,000 60,000 375,000 20,000 202,500 42,500 2,500 20,000 18,250 20,000 9,750 32,000 45,000 12,500 19 22 25 28 30 31 RequiredStep by Step Solution
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