Question: i need solve. All the information has given into this picture. just read it all please. Mr. Monjurul is a chef with 10 years of
Mr. Monjurul is a chef with 10 years of experience and recently he has decided to start his own food catering business "Food Mania". The following incidents took place during the month of March. Mar. 3 Invested BDT X cash in the business, 4 Paid BDT Y rent for the next 5 months. 5 Purchased kitchen wares & utensils for BDT Z to be used as equipment for next one year, 6 Purchased office supplies worth BDT 20,000. 50% of the amount was paid in cash. 9 Received BDT 150,000 cash from a customer for an event to be organized on April 2. 14 Paid 60% of the due amount on purchases of March 6. 16 Took one year loan from City Bank of BDT 500,000 (effective immediately) @ 12% interest. 20 Provided services worth BDT 200,000 and received 75% of the amount in cash. 22 Paid BDT 25,000 for advertising, 30 Received electricity bill worth BDT 9,000. On March 31, the following adjustments were made. 1 Rent for the month was adjusted. 2 Entry for depreciation on equipment was made 3 Supplies on hand were BDT 6,000 4 Incurred salary expense worth BDT 50,000 but has not been paid. 5 Accrued interest on City Bank loan. Here, X = First two digits of your ULAB ID x 100,000 Y = Third digit of your ULAB ID x 100.000 Z = (Fifth and Sixth digit of your ULAB ID + Last digit of your ULAB ID) x 2,000 For instance, if your ULAB ID is 172011064 then X = 17x 100,000 = BDT 1,700,000 Y = 2 x 100,000 = BDT 200,000 2 = (11 + 4) x 2,000 = BDT 30,000 (a) Make journal entries for the transactions above. [10 marks) (b) Make adjusting journal entries as required. [5 marks] (c) Prepare an adjusted trial balance as on March 31, 2021. [7 marks] (d) Prepare an income statement, an owner's equity statement and the balance sheet for the month of March [3+1+4 = 8 marks) Instructions Your answer scripts can be hand written or typed. Please show calculations where applicable. Please submit your answers in one file (in PDF format). Make sure the photographs are clear and readable. Please rename the file with your ID before submitting Page 1 of 1 Mr. Monjurul is a chef with 10 years of experience and recently he has decided to start his own food catering business "Food Mania". The following incidents took place during the month of March Mar. 3 Invested BDT X cash in the business, 4 Paid BDT Y rent for the next 5 months. 5 Purchased kitchen wares & utensils for BOT Z to be used as equipment for next one year. 6 Purchased office supplies worth BDT 20,000. 50% of the amount was paid in cash. 9 Received BDT 150,000 cash from a customer for an event to be organized on April 2. 14 Paid 60% of the due amount on purchases of March 6. 16 Took one year loan from City Bank of BDT 500,000 (effective immediately) @ 12% interest. 20 Provided services worth BDT 200,000 and received 75% of the amount in cash. 22 Paid BDT 25,000 for advertising 30 Received electricity bill worth BDT 9,000. On March 31, the following adjustments were made. 1 Rent for the month was adjusted. 2 Entry for depreciation on equipment was made 3 Supplies on hand were BDT 6,000. 4 Incurred salary expense worth BDT 50,000 but has not been paid. 5 Accrued interest on City Bank loan. Here, X = First two digits of your ULAB ID X 100,000 Y = Third digit of your ULAB ID x 100,000 Z = (Fifth and Sixth digit of your ULAB ID + Last digit of your ULAB ID) x 2,000 For instance, if your ULAB ID is 172011064 then X = 17 * 100,000 = BDT 1,700,000 Y = 2 x 100,000 = BDT 200,000 2 = (11 + 4) x 2,000 = BDT 30,000 (a) Make journal entries for the transactions above. [10 marks) (b) Make adjusting journal entries as required. [5 marks] (c) Prepare an adjusted trial balance as on March 31, 2021. [7 marks] (d) Prepare an income statement, an owner's equity statement and the balance sheet for the month of March [3+1+4 = 8 marks) Instructions Your answer scripts can be hand written or typed. Please show calculations where applicable. Please submit your answers in one file (in PDF format). Make sure the photographs are clear and readable. Please rename the file with your ID before submitting Page 1 of 1 Mr. Monjurul is a chef with 10 years of experience and recently he has decided to start his own food catering business "Food Mania". The following incidents took place during the month of March. Mar. 3 Invested BDT X cash in the business, 4 Paid BDT Y rent for the next 5 months. 5 Purchased kitchen wares & utensils for BDT Z to be used as equipment for next one year, 6 Purchased office supplies worth BDT 20,000. 50% of the amount was paid in cash. 9 Received BDT 150,000 cash from a customer for an event to be organized on April 2. 14 Paid 60% of the due amount on purchases of March 6. 16 Took one year loan from City Bank of BDT 500,000 (effective immediately) @ 12% interest. 20 Provided services worth BDT 200,000 and received 75% of the amount in cash. 22 Paid BDT 25,000 for advertising, 30 Received electricity bill worth BDT 9,000. On March 31, the following adjustments were made. 1 Rent for the month was adjusted. 2 Entry for depreciation on equipment was made 3 Supplies on hand were BDT 6,000 4 Incurred salary expense worth BDT 50,000 but has not been paid. 5 Accrued interest on City Bank loan. Here, X = First two digits of your ULAB ID x 100,000 Y = Third digit of your ULAB ID x 100.000 Z = (Fifth and Sixth digit of your ULAB ID + Last digit of your ULAB ID) x 2,000 For instance, if your ULAB ID is 172011064 then X = 17x 100,000 = BDT 1,700,000 Y = 2 x 100,000 = BDT 200,000 2 = (11 + 4) x 2,000 = BDT 30,000 (a) Make journal entries for the transactions above. [10 marks) (b) Make adjusting journal entries as required. [5 marks] (c) Prepare an adjusted trial balance as on March 31, 2021. [7 marks] (d) Prepare an income statement, an owner's equity statement and the balance sheet for the month of March [3+1+4 = 8 marks) Instructions Your answer scripts can be hand written or typed. Please show calculations where applicable. Please submit your answers in one file (in PDF format). Make sure the photographs are clear and readable. Please rename the file with your ID before submitting Page 1 of 1 Mr. Monjurul is a chef with 10 years of experience and recently he has decided to start his own food catering business "Food Mania". The following incidents took place during the month of March Mar. 3 Invested BDT X cash in the business, 4 Paid BDT Y rent for the next 5 months. 5 Purchased kitchen wares & utensils for BOT Z to be used as equipment for next one year. 6 Purchased office supplies worth BDT 20,000. 50% of the amount was paid in cash. 9 Received BDT 150,000 cash from a customer for an event to be organized on April 2. 14 Paid 60% of the due amount on purchases of March 6. 16 Took one year loan from City Bank of BDT 500,000 (effective immediately) @ 12% interest. 20 Provided services worth BDT 200,000 and received 75% of the amount in cash. 22 Paid BDT 25,000 for advertising 30 Received electricity bill worth BDT 9,000. On March 31, the following adjustments were made. 1 Rent for the month was adjusted. 2 Entry for depreciation on equipment was made 3 Supplies on hand were BDT 6,000. 4 Incurred salary expense worth BDT 50,000 but has not been paid. 5 Accrued interest on City Bank loan. Here, X = First two digits of your ULAB ID X 100,000 Y = Third digit of your ULAB ID x 100,000 Z = (Fifth and Sixth digit of your ULAB ID + Last digit of your ULAB ID) x 2,000 For instance, if your ULAB ID is 172011064 then X = 17 * 100,000 = BDT 1,700,000 Y = 2 x 100,000 = BDT 200,000 2 = (11 + 4) x 2,000 = BDT 30,000 (a) Make journal entries for the transactions above. [10 marks) (b) Make adjusting journal entries as required. [5 marks] (c) Prepare an adjusted trial balance as on March 31, 2021. [7 marks] (d) Prepare an income statement, an owner's equity statement and the balance sheet for the month of March [3+1+4 = 8 marks) Instructions Your answer scripts can be hand written or typed. Please show calculations where applicable. Please submit your answers in one file (in PDF format). Make sure the photographs are clear and readable. Please rename the file with your ID before submitting Page 1 of 1
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