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Geller started his own consulting firm, Geller Consulting, on April 1, 2018. The following transactions occurred during the month of April. April 1 Geller invested

Geller started his own consulting firm, Geller Consulting, on April 1, 2018. The following transactions occurred during the month of April.

April 1 Geller invested Tk. 10000 cash in the business.

April 2 Paid Tk. 1800 for office rent for the month.

April 3 Purchased Tk. 700 of supplies on account.

April 5 Paid Tk. 150 to advertise in the Country News.

April 9 Received Tk. 3000 cash for service provided.

April 15 Performed Tk. 5300 of services on account.

April 26 Borrowed Tk. 5000 from the bank on a note payable.

April 29 Purchased office equipment for Tk. 2400 on account.

Requirements:

(a) Show the effect of the presented transactions on the accounting equation using the following format:

Data

Assets

Liabilities

Owner's Equity

Cash

Accounts Receivable

Supplies

Office Equipment

Notes Payable

Accounts Payable

Geller. Capital

(b) Prepare an income statement for the month of April

(c) Prepare a balance sheet at April 30, 2018.

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