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Q2. Mrs. Asma started her own consulting firm on February 01, 2021. During the first month of operation the following transactions occurred: 10 February 01:
Q2. Mrs. Asma started her own consulting firm on February 01, 2021. During the first month of operation the following transactions occurred: 10 February 01: She brought Tk. 1,65,000 Cash in the firm. 03: Purchased office equipment for case Tk. 24,500. 05: Purchased paper and other Supplies on account Tk. 11,500. From Ms Alvi Traders, 08: Advertising expense paid in cash Tk 4,800. 12: Service revenue performed of Tk 33,000 of which received cash Tk. 13,000 and balance on account 15. Life insurance premium paid in cash Tk 4,600 from the consulting firm. 17: Cash collection from customer Tk 12,500 related on February 12. 20. Hired an expert manager at a salary of Tk. 16,000 per month, effective March 01. 25: Paid cash Tk. 6,500 to M's Alvi Traders Related on February 05. Required: Give journal entries in the books of Mrs. Asma
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