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plz solve All three questions [02] Q#1. Classify the given accounts into Assets, Liability, Expense and Revenue 1. Accounts payable 6. Rent Expired 2. Notes

image text in transcribedplz solve All three questions

[02] Q#1. Classify the given accounts into Assets, Liability, Expense and Revenue 1. Accounts payable 6. Rent Expired 2. Notes Receivable 7. Service Fee 3. Uneamed Service & Air Conditioner 4. Unexpired Insurance 9. Bank Loan 5. Salaries Expense 10. Plant and Machinery Q#2. Sky Travels & Tours owned a Jeep and provides day Jeep tours to tourists along the Tropical Forest. Sky Travels & Tours had the following transactions during the first month of business. [13) July 1 Sky Travels & Tours invested Rs: 20,000 cash and Jeep valued at Rs: 90,000 in the business. Sky Travels & Tours paid Rs: 3,000 cash for office equipment to keep track of business July 2 activities. July 3 Sky Travels & Tours bought supplies costing Rs: 2,500 on credit. July 4 Sky Travels & Tours paid Rs: 500 cash for the first month's Hut rental. July 5 Sky Travels & Tours paid Rs: 1,800 cash for a six-month insurance policy. July 10 Sky Travels & Tours received Rs: 2,000 cash from clients for his first tour. July 12 Sky Travels & Tours provided an Rs: 3,500 tour on credit; the customer has agreed to pay within 10 days. July 19 Sky Travels & Tours paid for the supplies originally purchased on July 3. July 22 Sky Travels & Tours receives payment on the account from the client entry on July 12. July 25 Sky Travels & Tours received Rs: 2,750 cash for additional tours provided. July 31 Sky Travels & Tours paid his crewmember a salary of Rs: 1,000. Required: Prepare journal entries to record the following transactions with proper narrations and format. Q#3. Prepare T accounts for the data given in Q#3 and post the balances in Trial balance of Sky Travels & Tours in proper format [10]

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