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Question #02 On July 1, Mr. Ahsan established Ahsan's Travel Agency. The following transactions were completed during the month- July 01 Invested Tk. 1,00,000 cash
Question #02 On July 1, Mr. Ahsan established Ahsan's Travel Agency. The following transactions were completed during the month- July 01 Invested Tk. 1,00,000 cash to start the agency. 05 Purchased office equipment for Tk. 35,100: Tk. 12,200 is paid in cash and a note payable is signed for the remaining balance. 08 Purchased supplies for Tk. 7,000 on account. 15 Earned Tk. 37,700 for services rendered: Tk. 24,000 cash is received from customers, and the balance of Tk. 13,700 is billed to customers on account. 21 Withdrew Tk. 11,000 cash for personal use. 27 Paid monthly expenses: Tk. 9,500 for office rent, Tk. 10,000 for salaries and Tk. 6,600 for utilities 30 Received Tk. 9,700 in cash from customers who have previously been billed on July 15 Required: a) Prepare a tabular analysis of the transactions. [07] b) Prepare an income statement for the month and a balance sheet on July 31, 2021. [03]
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