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b) On June 1, Mr. Sameer established Sameer's Travel Agency. The following transactions were completed during the month- June 01 Invested Tk. 1,15,000 cash to
b) On June 1, Mr. Sameer established Sameer's Travel Agency. The following transactions were completed during the month- June 01 Invested Tk. 1,15,000 cash to start the agency. 03 Paid monthly expenses: Tk. 11,000 for office rent, Tk. 16,500 for salaries and Tk. 8,500 for utilities. 05 Purchased office equipment for Tk. 30,000 paying Tk. 17,000 in cash and the balance on account. 08 Purchased gasoline for Tk. 7,000 on account. 09 Received Tk. 18,500 cash for services provided. 12 Paid Tk. 8,000 cash for office supplies. 15 Performed Tk. 37,500 of services on account. 19 Withdrew Tk. 15,000 cash for personal use. 20 Borrowed Tk. 25,000 from the bank on a note payable. 24 Received a cash payment of Tk. 12,500 for services performed on June 15. 30 Paid Tk. 5,000 for the gasoline purchased on account on June 08. Requirements: i. Prepare a tabular analysis of the transactions. [05] Prepare an income statement, an owner's equity statement for the month of June and a balance sheet on June 30, 2021. [03] Question # 03
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