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Selected Transactions from Shah Transport Services began on June 1, 2016 by Zahid Shah as? a. The Zahid Shah started the business by depositing Rs.
Selected Transactions from Shah Transport Services began on June 1, 2016 by Zahid Shah as? a. The Zahid Shah started the business by depositing Rs. 600,000. b. Truck was Purchase by business for Rs. 430,000. c. Equipment purchased on credit for Rs. 9,000. d. A bill of Rs. 7,200 for transporting goods was sent to Mr. Ashraf Abbasi, a customer. e. Cash of Rs. 6,000 is received from the customer who was billed in d. f. Received Rs. 22,300 is cash for transporting goods. g. A payment of Rs. 5,000 was made on the equipment purchased in c. h. Paid expenses of different types for Rs. 1,700 in cash. i. Equipment of Rs. 1,200 was withdrawn from business for Zahid Shah's personal use. Required 1- Prepare Journal entries for the month of May. 2- Post all transactions to ledger accounts. 3- Prepare a Trial Balance at May 31
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