Question
Consider the transactions below pertaining to Pandus Law Firm and prepare the following accounting statements from the transactions presented and answer the question: Please list
Consider the transactions below pertaining to Pandus Law Firm and prepare the following accounting statements from the transactions presented and answer the question: Please list the different accounts in the Trial Balance in the following order: Assets, Labilities then Owners equity accounts Transactions: Pandus Law Firm 1.Pandu deposits N$ 700 000 into the bank to start his own law firm business. 2.He purchases computers for the office in the amount of N$15000 by EFT. 3.He Withdraws N$20 000 from his bank account for petty cash. 4.Pandu pays office rental in the amount of N465 000 by EFT. 5.He purchases office furniture in the amount of N$25 000 by EFT. 6.He pays for coffee and tea in the amount of N$400 from petty cash. 7.He pays for the water and electricity in the amount of N$3000 by EFT. 8.He also purchases a law library from Lexis Nexis on credit worth N$25 000. 9.Pandu receives rent income for renting out one of his offices in the amount of N$7000in cash. 10.Pandu takes an overdraft at Bank Windhoek in the amount of N$6000. 11.He withdraws N$1000 from the bank for his own private use. 12.Pandu renders divorce legal services to client James and charges/invoices the clientin the amount of N$5000.
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