Question
The following transactions took place for Share Trip travel booking company during August, 2019. August 4: Received 850000 taka cash for selling 40 tickets to
The following transactions took place for "Share Trip" travel booking company during August, 2019.
August 4: Received 850000 taka cash for selling 40 tickets to SKF Pharmaceuticals for the flight in November.
August 8: Signed a 1 year rental agreement on office transport for the employees and paid 75000 taka in advance for the whole year.
August 15: Purchased a car worth 1580000 taka from BD Motors and paid them 50% cash and rest on account.
August 20: Paid BD Motors in full.
August 25: Salaries incurred for 5 employees, totaling 250000 taka which will be paid on 02nd September, 2019.
Instructions:
Prepare journal entries for the month of August to record each of the events listed.
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