Question
Mr. Akib is a licensed CPA. During the first month of operations of his business, the following events and transactions occurred during the period. July
Mr. Akib is a licensed CPA. During the first month of operations of his business, the following events and transactions occurred during the period. July 1 Akib invested Tk. 60,000 cash to start the business. 5 Appointed a secretary for a monthly salary of Tk. 8,000. 9 Purchased Equipment for Tk. 35,000, paying Tk. 25,000 in cash and the balance on account. 18 Purchased Tk. 8,000 of supplies on account. 25 Paid office rent of Tk. 6,000 cash for the month. 31 Provided services and billed to the client Tk. 10,000. Instructions: i. Journalize the transactions. [03] ii. Post to the ledger accounts. [03] iii. Prepare a trial balance July 31, 2021.
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