engaged in the following transactions during the month of December Steel Lt 2018 DEC. 01: Issued 2,000 shares of common stock at 200 per share DEC. 03: Paid office rent for the month of Decemnber Rs 5000. DEC. 06: Purchased office supplies Rs 2500. DEC. 12: Purchased office equipment on account Rs45,000 DEC. 16: Purchased business car for Rs 50,000. Paid Rs200,000 cash and issued a note for the balance. DEC. 21: Billed clients Rs 24,000 on account. DEC. 25: Declared dividends Rs 30,000. The amount of dividends will be distributed in December. DEC. 28. Paid utility bills for the month of December Rs1800. DEC. 29 Received Rs DEC. 30: Paid salary for the month of December Rs 8,500 Required: Record the above transactions in a general journal 000 cash from clients billed on December 21.

engaged in the following transactions during the month of December Steel Lt 2018 DEC. 01: Issued 2,000 shares of common stock at 200 per share DEC. 03: Paid office rent for the month of Decemnber Rs 5000. DEC. 06: Purchased office supplies Rs 2500. DEC. 12: Purchased office equipment on account Rs45,000 DEC. 16: Purchased business car for Rs 50,000. Paid Rs200,000 cash and issued a note for the balance. DEC. 21: Billed clients Rs 24,000 on account. DEC. 25: Declared dividends Rs 30,000. The amount of dividends will be distributed in December. DEC. 28. Paid utility bills for the month of December Rs1800. DEC. 29 Received Rs DEC. 30: Paid salary for the month of December Rs 8,500 Required: Record the above transactions in a general journal 000 cash from clients billed on December 21.

Name: The Kamran Steel Ltd. engaged in the following transactions during th
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Description: The Kamran Steel Ltd. engaged in the following transactions during the month of December2018DEC. 01- Issued 2,000 shares of common stock at 200 per shareDEC 03: Paid office rent for the month of December Rs 5000DEC. 06. Purchased office supplies Rs

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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American Laser, Inc., reported the following account balances on January 1. Accounts Receivable Accumulated Depreciation. Additional Paid-in Capital Allowance for Doubtful Accounts Bonds Payable Buildings. Cash Common Stock, 10,000 shares of $1 part Notes Payable (long-term) Retained Earnings Treasury Stock TOTALS Requirement View transaction list General Journal
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