Question
On March 1, 2020 Ahmad established Gazi Travel Agency. The following transactions were completed during the months of March 2020. March 01: Invested cash to
On March 1, 2020 Ahmad established Gazi Travel Agency. The following transactions were completed during the months of March 2020. March 01: Invested cash to start the agency Tk. 2,75,000. March 02: Paid cash for March office rent Tk. 7,000. March 03: Purchased office equipment for cash Tk. 25,000 March 04: Incurred advertising costs in The Daily Times' on account Tk. 11,000. March 14: Purchased office supplies for cash Tk. 5,000. March 18: Earned for services rendered Tk. 30,000 (Tk. 20,000 cash received from customers and the balance Tk. 10,000 is billed to customers on account). March 20: Withdrew cash for personal use Tk. 6,000 March 23: Paid The Daily Times amount due on March 4. March 25: Purchased additional offices supplies on account Tk. 4,000. March 30: Paid employees salaries Tk. 8,000. March 31: Paid telephone, gas and electricity bills Tk. 3,000. Required: Show the summary of transactions preparing tabular analysis.
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