Q.2 Following is the Balance sheet of Star Trading Company as on March 1st 2022 Bank 536,000 Other Assets 16,64,000 TOTAL ASSETS 22,00,000 Star Trading Company Balance Sheet As on March 1st 2022 Liabilities Current Liabilities 50,000 Bank Loan 170,000 LIABILITIES $ EQUITIES 12% Bonds Payable 200,000 Stock Holder's Equity Registered Common Stock 500,000 shares of Rs. 10/- each 500,000 Registered 8% proffered Stock 20,000 shares of Rs. 100 each 800,000 Additional Paid in Capital 280,000 Retained Earning 300,000 TOTAL 22,00,000 During the year following transactions were completed. 1) Issued 20,000 shares of common stock @ Rs 12.5 each 2) The company Purchased Office equipment of Rs 300,000 and in consideration equal number of shares from common stock were issued (The market value of the share is Rs. 15/ each ). 3) The company Purchased 2800 its own shares of common stock @ Rs 14/- each. 4) The company issued shares from common stock to settle the Bank Loan (The Market Value of the share is Rs. 12.5) 5) The company sold 1150 shares from treasury stock at Rs, 14,720. 6) The company paid Rs 20,000 and issued 17,800 shares of common stock to the promoters of the company for the services rendered by them. You need to prepare a fresh balance sheet after observing the above transactions in General Journal.

Following is the Balance sheet of Star Trading Company as on March 1st2022 Star Trading Company Balance Sheet Ac on March 1st30 ? During the year following transactions were completed. 1) Issued 20,000 shares of common stock @ Rs 12.5 each 2) The company Purchased Office equipment of Rs 300,000 and in consideration equal number of shares from common stock were issued ( The market value of the share is Rs. 15/ each ). 3) The company Purchased 2800 its own shares of common stock @ Rs 14/- each. 4) The company issued shares from common stock to settle the Bank Loan ( The Market Value of the share is Rs. 12.5) 5) The company sold 1150 shares from treasury stock at Rs, 14,720 . 6) The company paid Rs 20,000 and issued 17,800 shares of common stock to the promoters of the company for the services rendered by them. You need to prepare a fresh balance sheet after observing the above transactions in General Journal