New Text Document - Notepad File Edit Format View Help (A). Journalize the following transactions, prepare T-accounts and show the balances: 1. Rehab Islam begins business as a Grameen phone agent with cash investment of Tk. 70,000. 2. Purchases office furniture for Tk. 14,000 on account. 3. Provided Grameen phone service and billed the customer Tk. 5,000. 4. Pays Tk. 2,500 on the balance related to the transaction of October 2. 5. Received Tk. 45,000 in advance from the customer for future services. (10 marks) 2. Following are account balances of Pearl Fisher Co. on December 31, 2012. Prepare Income Statement and Owner's Equity Statement. (4 +15 Marks) Cash Tk. 7,500 Accounts receivable Notes payable Tk. 40,000 (B). 9,200 Equipment 78,000 Service revenue 18,600 Advertising expense Capital, January 1 1,600 55,000 Rent expenses 2,200 Repair expenses 1,400 Fuel expense 3,500 Insurance expense Accounts payable 1,500 2,800 office supplies 14,000 Withdrawal 4,500 3. Using the following information, prepare a classified balance sheet for Avian Bowling Club at December 31, 2015. Building Tk. 128,800 Capital, beginning ? Accounts receivable Prepaid insurance 14,520 4,680 Notes payable (1-year) 13,600 Prepaid Insurance expense Acc. depreciation - building Accounts payable 13,480 780 45,600 Cash 20,840 Mortgage payable (10-years) 80,000 Equipment 62,400 Acc. depreciation - equip. 18,720 Land 61,200 Interest payable 2,600 Depreciation expense 7,360 Bowling revenue 24,180 Interest expense 4,600 0