Master number: Take Last four digits of your registration number followed by 00, Apply each given %age on this master number. (Master number is 500,200)

Mr. Nasir commenced his business with Cash investment of Rs. 100% and Land costing Rs. 50% on April 05, 2002.

1. Purchased Office Supplies and Furniture for Cash Rs. 5% and Rs. 10% respectively.

2. Purchased Furniture on credit from Mr. Qaiser for Rs. 12%.

3. Opened a bank account with HBL with Rs. 20%.

4. Consultation Job done for Cash Rs. 30%.

5. Rendered Services for Cash Rs. 25%.

6. Rendered Services on credit to Mr. Owais for Rs. 35%.

7. Withdrew Cash for personal use Rs. 6%.

8. Paid to Mr. Qaiser Rs. 4% by cheque.

9. Deposited Cash into Bank Rs.5%.

10. Paid Rent Expense Rs. 10% by cheque.

11. Sold a part of Land costing Rs. 20% for Cash.

12. Paid Salaries Expense Rs. 10%.

13. Received Cash from Mr. Owais Rs. 20%.

14. Received interest on bank account Rs. 11%.

Required:

a: Record the above transactions in General Journal.

b: Prepare ledger, foot and balance the accounts and prepare trial balance.