Question
The following information relates of Smart Advertising(SA) 1 Oct Mr. Salman invests Rs.10,000 cash in an advertising company called Smart Advertising. 1 Oct SA purchased
The following information relates of Smart Advertising(SA)
1 Oct Mr. Salman invests Rs.10,000 cash in an advertising company called Smart Advertising.
1 Oct SA purchased office equipment costing Rs.5,000 by signing a 3 month Note Payable.
2 Oct SA receive Rs.1,200 cash advance from Abdul Jabbar , a client for advertising services that are expected to be completed by December 31.
3 Oct SA pays Office Rent for October in cash Rs.900.
4 Oct SA pays Rs.600 for a one year insurance policy that will expire next year on September 30. Insurance coverage starts from 1 September.
5 Oct SA purchases office supplies on account from Aero Supply for Rs.2,500.
20 Oct Mr. Salman withdraws Rs.500 cash for personal use.
26 Oct SA pays employees salary of Rs.4,000 in cash.
31 Oct SA receives Rs.10,000 in cash from Copa Company for advertising service performed in October.
REQUIRED
- Record the above transaction in General Journal of Smart Advertising
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