1. Show the effect of the following transactions on accounting equation for April, 2023: April 01....
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1. Show the effect of the following transactions on accounting equation for April, 2023: April 01. Contributed by the owner Tk 1000000 in exchange of 10000 shares of Tk 100 par. 02. Received cash from cash customers Tk 60000. 09. Received cash from owner as additional investment Tk 20000. 14. Paid advertising expense Tk 4500. 20. Billed customers for delivery services on account Tk 120000. 22. Purchased supplies for cash Tk. 2000. 25. Received cash from lenders Tk. 90000. 30. Paid cash to owner for personal use Tk.21000 1. Show the effect of the following transactions on accounting equation for April, 2023: April 01. Contributed by the owner Tk 1000000 in exchange of 10000 shares of Tk 100 par. 02. Received cash from cash customers Tk 60000. 09. Received cash from owner as additional investment Tk 20000. 14. Paid advertising expense Tk 4500. 20. Billed customers for delivery services on account Tk 120000. 22. Purchased supplies for cash Tk. 2000. 25. Received cash from lenders Tk. 90000. 30. Paid cash to owner for personal use Tk.21000
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Related Book For
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
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