A B C D E 1 CL Trading Comany 2 CL Trading Comany - a company engagged in the business of trading of candle stands 3 The following financial transactions carried on during the month of July 2017 4 which the first month of the Financial year for the Company: 6 1 July 2017 - The Company started with Paid up Share Capitl of 50,000 in the bank account 7 2 July 2017 - Purchased 1,000 units of inventory for 10,000 paying through cheque 8 4 July 2017 - Paid 2,000 to Advertisig agency through cheque. 9 8 July 2017 - Purchased packing material for 1,000 10 10 July 2017 - 3,000 withdrawn from the bank accountant for the petty business expenses of the business 11 11 July 2017 - Received first order from Mr. Sallen for 150 units @ 40 per unit, 12 the odered delivered and amount received in bank through Online Funds Transfer 13 12 July 2017 - Bought furniture for office staff on credit from Top Futniture Ltd. for 1,500 14 15 July 2017 - Sold 250 units @ 40 per unit to Home Decor on credit basis. 15 18 July 2017 - 50 units mishandleded and become a scrap which were sold for 5 per unit on cash. 16 25 July 2017 - Paid 800 to Top Furniture Ltd. by cash 17 31 July 2017 - Utilities for 1000 accrued for the month of July 2017 but not yet paid 18 31 July 2017 - Salaries & Wages accrued for the month are 5,000 19 31 July 2017 - Rent aacrued for the month of July 2017 is 1,500 20 21 Require 22 Record journal entries 23 Prepare Inventory Chart "Note: Company uses FIFO Method for the valuation of its inventory" 24 Trial Balance Sheet1 +