Mr. Jamal owns Jamal Repair Center on 31st December 2020 with the following ledger balances: Cash Tk. 20,000, Supplies Tk. 3,000, Accounts receivable Tk. 6,000, Tools Tk. 4,000, Motor Vehicles Tk. 16,000, Accounts payable Tk. 8,000. During the month of January, 2021, the following transactions are completed: January 1 Paid rent for the month of January, Tk. 2,000 3 Paid cash on accounts payable Tk. 5,000 5 Purchases supplies for cash Tk. 1,000 7 Received cash Tk. 12,000 for service rendered 11 Purchased tools for cash Tk. 2,000 13 Billed for service rendered Tk. 6,000 21 Purchased supplies on account Tk. 4,000 23 Received payment against bill of January 13 26 Paid cash Tk. 1,000 for the rent of Mr. Jamal residence 29 Received advance payment Tk. 4,000 from a client who will be served next month 

Required: transactions over the accounting equation in a tabular summary

Answer rating: 100% (QA)

To summarize the transactions over the accounting equation in a tabular format we can use the ... View the full answer