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On January 1, 2020. Mr. Rakib established his own accounting firm. Rakib and Co. The following transactions were completed during the month: 1. He invested
On January 1, 2020. Mr. Rakib established his own accounting firm. Rakib and Co. The following transactions were completed during the month: 1. He invested 2000 cash in the business 2. Paid 300 cash for office rent: 3. Purchased office equipment for 3000 on account: 4. Incurred 200 advertising costs in a local newspaper on account: 5. Performed services worth 7300. Received 2,000 cash from the customers, and the halance is billed to customers on account: 6. Declared and paid 300 cash dividend: 7. Paid the local newspaper moont doe in transaction 4 8. Paid employees' salaries 3,200), 9. Received 2.000 in cash from customers billed previously in transaction and 10. Mr. Rakib withdrew 300 for his personal usage. Instructions: Joumalize the transactions and prepare Cash and Accounts payable ledger
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