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Following transactions are related to the business of Mr.Javad. 1. Invested cash Rs.450,000 and equipment worth of Rs.85,000 in the business 2. Paid office rent
Following transactions are related to the business of Mr.Javad. 1. Invested cash Rs.450,000 and equipment worth of Rs.85,000 in the business 2. Paid office rent in advance Rs.10,000. 3. Purchased office furniture for cash Rs.35,000. 4. Performed Services and received cash Rs.95,000. 5. Withdrew cash for personal use Rs.6500 6. Salary Expense paid Rs.15,000. 7. Services provided on credit for an amount Rs.35000 8. Purchased a vehicle for Rs.550,000 by paying cash Rs.80,000 and balance on account. 9. Collected cash from customer Rs.35000. 10. Purchased office supplies for cash Rs.6000 and by paying Rs.1000 and remaining on balance. Required: a. Prepare Journal entries for the month of January 2017
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