Question
Harry started his consulting firm named consultant Max on January 2019. during the first month of operation, the following transactions occurred: January 01: Harry invested
Harry started his consulting firm named consultant Max on January 2019. during the first month of operation, the following transactions occurred:
January 01: Harry invested taka 10,000 in cash in the business.
January 10: Paid taka 800 for the monthly rent.
January 15: Purchased office equipment on account taka 3,000.
January 19: Rendered consulting services to the client for each taka 1,500.
January 22: Borrowed taka 700 cash on a note payable.
January 25: Rendered consulting service to the clients on credit taka 2,000.
January 28: Paid monthly salary taka 500.
January 29: Paid monthly utilities taka 400
January 30: Paid taka 1000 for equipment purchased on January 15.
January 31: Cash received taka 1000 for service rendered on January 25.
January 31: Harry withdrew taka 200 from business for personal use.
Questions
i) prepare a journal for the above transactions in the books of consult Harry.
ii) prepare the ledger in the books of concert Harry from the journal.
iii) prepare trial balance in the books of concert Harry as of January 31, 2019
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