Mr. Arish opened Arish's Carpet Cleaners on March 1, 2021. During March, the following transactions were completed. Mar. 1: Invested Tk 15,000 cash in the business. Mar. 1: Purchased used Lorry for Tk 6,000, paying Tk 3,000 cash and the balance on account. Mar. 3: Purchased cleaning supplies for Tk 1,500 on account. Mar. 5: Paid Tk 1,200 cash on one-year insurance policy effective March 1. Mar. 14: Billed customers Tk 4,800 for cleaning services. Mar. 18: Paid Tk 1,500 cash on amount owed on Lorry and Tk 500 on amount owed on
Mr. Arish opened Arish's Carpet Cleaners on March 1, 2021. During March, the following transactions were completed. Mar. 1: Invested Tk 15,000 cash in the business. Mar. 1: Purchased used Lorry for Tk 6,000, paying Tk 3,000 cash and the balance on account. Mar. 3: Purchased cleaning supplies for Tk 1,500 on account. Mar. 5: Paid Tk 1,200 cash on one-year insurance policy effective March 1. Mar. 14: Billed customers Tk 4,800 for cleaning services. Mar. 18: Paid Tk 1,500 cash on amount owed on Lorry and Tk 500 on amount owed on
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Ledger accounts
Transcribed Image Text:Mr. Arish opened Arish's Carpet Cleaners on March 1, 2021. During March, the following
transactions were completed.
Mar. 1: Invested Tk 15,000 cash in the business.
Mar. 1: Purchased used Lorry for Tk 6,000, paying Tk 3,000 cash and the balance on
account.
Mar. 3: Purchased cleaning supplies for Tk 1,500 on account.
Mar. 5: Paid Tk 1,200 cash on one-year insurance policy effective March 1.
Mar. 14: Billed customers Tk 4,800 for cleaning services.
Mar. 18: Paid Tk 1,500 cash on amount owed on Lorry and Tk 500 on amount owed on
cleaning supplies.
Mar. 20: Paid Tk 2,000 cash for employee salaries.
Mar. 21: Collected Tk 2,800 cash from customers billed on March 14.
Mar. 28: Billed customers Tk 2,500 for cleaning services.
Mar. 31: Paid advertising expenses of Tk 500.
Mar. 31: Withdrew Tk 1000 cash for personal use.
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