Assignment -03 Mr. Kareem commences his business on Jan, 1, 20x1 with the following assets under the name and style *AL Kareem Consulting & Co.,', a VAT Consulting business. Cash AED 50000; Motor Car AED 50000; Furniture AED 10000 Review of the book of Al Kareem Consulting & Co., for the month Jan, 20x 1 reveals the following. Date Transaction / Event 01 Employs two assistants, who will be paid salary of 5000 cach per month 02 Deposits 20000 and opens a Checking account with ENBD. 03 Buys Stationery for 200 Takes an office on lense and enters into Lease Agreement with Landlord and pays 5000 as security deposit. 04 Pays 1000 towards VAT Training Programs to be attended by his VAT Assistants. 05 Fills his car fuel tank. Fuel cost 100. Bought a Lenovo Laptop for AED 2500. 07 Completes some professional work for few of his clients. VAT Registration service rendered AED 5000. Tax Retum Service AED 15000. All Collected in cash. Incurs Legal Expenses 2000 Receives a sum of 3000 towards services to be performed in the coming days 31 Service rendered to other clients during the month. VAT Registration: 20000 VAT Retur Service 10000 and VAT Consulting 10000. VAT Registration and VAT consultation service were rendered against Cash. 31 SEWA for the month amounts to 700, paid in cash. Salaries were paid. Stationery and other office expenses amounting to 500 and 750 were paid in Cash. Rent of the office 2000 paid for the month, Record the transactions in Journal, Prepare Ledger accounts and Prepare a Trial Balance