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Question # 01 Joan Robinson opens her own law office on July 1, 2021. During the first month of operations, the following transactions occurred. 1. Joan invested Tk. 1,10,000 in cash in the law practice. 2. Paid Tk. 8,000 for July rent on office space. 3. Purchased office equipment on account Tk. 30,000. 4. Provided legal services to clients for cash Tk. 15,000. 5. Borrowed Tk. 7,000 cash from a bank on a note payable. 6. Performed legal services for client on account Tk. 20,000. 7. Paid monthly expenses: salaries and wages Tk. 5,000, utilities Tk. 3,000, and supplies Tk. 1,000. 8. Joan withdraws Tk. 10,000 cash for personal use. Instructions: (a) Prepare a tabular summary of the transactions. (b) Prepare the income statement, owner's equity statement, and balance sheet at July 31 for Joan Robinson, Attorney. Question #02 Threet's Repair Shop was started on May 1, 2021 by Erica Threet. A summary of May transactions is presented below. May-1 Invested Tk. 1,00,000 cash to start the repair shop. May-2 Purchased equipment for Tk. 50,000 cash. May-3 Paid Tk. 4,000 cash for May office rent. May-6 Paid Tk. 5,000 cash for supplies. May-9 Incurred Tk. 2,500 of advertising costs in the Beacon News on account. May-11 Received Tk. 16,000 in cash from customers for repair service. May-12 Withdrew Tk. 10,000 cash for personal use. May-18 Paid part-time employee salaries Tk. 20,000. May-19 Paid utility bills Tk. 1,700. May-20 Provided repair service on account to customers Tk. 7,500. May-25 Collected cash of Tk. 1,200 for services billed in May 20. Instructions: (a) Prepare a tabular analysis of the transactions (b) Prepare the income statement, owner's equity statement, and balance sheet at May 31