2 8.0 4.0 17.5 efly explain different financial statements. Mr. Sohel started a service firm on 1st August 2017. Transactions for the first month of operation were as follows: March 1 Initial investment in cash TK. 1,00,000. 2 Tk. 30,000 paid in advance for 3 months rent. v pre . Purchase supplies in cash Tk. 7,000 and on account Tk. 8,000.0,5, AIP Purchase equipment Tk.50,000 in cash C, e Advertisement published in local newspaper Tk. 3,000. coca 15 Received revenue in cash Tk. 25,000 and on account Tk.8,000. CCG, AIR 20 Payment of advertisement bill in full." 25 Received utility bill Tk. 5,000. AP 28 Collection of outstanding revenue Tk. 5,000 and payment of bills payable Tk. 6,000. 30 Salary paid Tk. 15,000. 30 Supply expenses for the month Tk. 12,000. 31 Unbilled Revenue Tk. 18,000. Required: a) Journalize the above transactions in the general ledger. b) Prepare Tabular Analysis C) Prepare Income Statement from the Tabular Analysis. urnal? What are the advantages of subsidiary ledgers? umbill AP/S:R