ABC Advertising, owned by Mr Anish, provides advertising consulting services. During January 2 0 2 1 ,
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Question:
ABC Advertising, owned by Mr Anish, provides advertising consulting services. During January
the following events occurred:
Jan. Owner contributed Rs and a new computer costing Rs to start his business.
Jan. Office supplies were purchased on account for Rs
Jan. ABC Advertising obtained year loan of Rs from the bank.
Jan. ABC Advertising paid the utility bills for Rs
Jan. Paid the Rs in Accounts Payable from the purchase of office supplies on Jan.
Jan. Advertising services completed in January were billed to clients Anns Flowers at Rs
Jan. ABC Advertising received Rs from Anns Flowers, a client, as payment on account.
Jan. Mr Anish withdrew Rs of cash for personal use.
You are required to create Journal Entry, General ledger account and make a trial balance?
Related Book For
Fundamental Accounting Principles
ISBN: 978-0071051507
Volume I, 14th Canadian Edition
Authors: Larson Kermit, Tilly Jensen
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