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. Requirements: Journalize the March transactions. 1) 2) Prepare necessary Ledger Accounts. 3) Prepare a Trial Balance at March 31

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. Requirements: Journalize the March transactions. 1) 2) Prepare necessary Ledger Accounts. 3) Prepare a Trial Balance at March 31

Name: Mr. Arish opened Arish's Carpet Cleaners on March 1, 2021. During Mar
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Description: Mr. Arish opened Arish's Carpet Cleaners on March 1, 2021. During March, the followingtransactions 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 onaccou

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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