Course Name:Accounting Fundamentals Course Code:ACT 201

Please Write one notebook Step by step. The written must be clear an fresh.

please answer within 40 minitues.It's very important for me.

Question #02 Mr. Ahsan started a financial consultancy firm, Ahsan consultancy, on December 1, 2021. The following transaction occurred during the month of December. 1. Invested Tk. 1,17,000 cash to start the firm. 3. Incurred Tk. 4,600 of advertising costs on account. 4. Purchased equipment for Tk. 35,000 of which Tk. 12,200 paid in cash and the signed a note payable for the remaining balance. 5. Earned Tk. 38,000 for services rendered of which Tk. 16,000 cash was received from customers and for the balance of Tk. 22,000 the customer was billed. 6. Withdrew Tk. 9,900 cash for personal use. 7. Paid monthly expenses: Tk. 11,100 for office rent, Tk. 13,300 for employees' salaries and Tk. 4,600 for utilities 7. Paid Tk. 3,000 cash for the advertising costs incurred on account in transaction (3). 8. Received Tk. 14,400 in cash from customers who have previously been billed in transaction (5). Required: a) Prepare a tabular analysis of the transactions. [07] b) Prepare an income statement, an owner's equity statement for the month of December and a balance sheet on December 31, 2021. [03]