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Question no. 3 Mr. Rakib is a licensed CPA. During the first month of operations of his business, the following events and transactions occurred during
Question no. 3 Mr. Rakib is a licensed CPA. During the first month of operations of his business, the following events and transactions occurred during the period. June 1 Shakib invested Tk. 75,000 cash to start the business. 2 Appointed a secretary for a monthly salary of Tk. 5,000. 6 Purchased Furniture for Tk. 48,000, paying Tk. 26,000 in cash and the balance on account. 20 Completed a tax assignment and billed client Tk. 2,400 for services provided. 25 Withdraw Tk.3,000 for personal use. 30 Provided services and received cash Tk. 10,000 from the customer. Instructions: i. Journalize the transactions. [6*0.5 =03] ii. Post to the ledger accounts. [05] iii. Prepare a trial balance June 30, 2021. [02]
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