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please solve the problem as soon as possible:,( Question #03 Marks : 06 From the following information, pass necessary journal entries in the books of
please solve the problem as soon as possible:,(
Question #03 Marks : 06 From the following information, pass necessary journal entries in the books of Mr.X for August 2021 1. Introduced capital in the form of Cash-Tk. 50,000.00 Furniture-Tk. 9,000.00, Supplies-Tk. 3,500.00 and depositing Tk. 6,000.00 in Bank 2. Purchase Tk. 40,000.00 3. Purchased from M/S Karim Tk. 90,000.00, terms being 2/5, net 25 4. Cash Sales Tk 49,000.00 5. Sold to M/S Rahman Ik. 50,000.00 Terms 3/10, net 30 6. Paid M/S Karim within discounting period 7. Payment received from M/S Karim within discounting period 8 Cash purchase Tk 45,000.00 inclusive of Tk 4,000.00 for Mr X 9. Cash drawn from Bank Tk. 2,000.00 10. Monthly wages Tk. 12,000.00, paid wages Tk 15,000.00 11. Yearly Insurance premium paid Tk. 18,000.00 12. Monthly rent payable Tk. 30,000.00, paid 25,000.00 Step by Step Solution
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