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Following are the transaction a consultant agency during the month of Baishakh: Baishakh 1: Collected Rs.…

Following are the transaction a consultant agency during the month of Baishakh:

Baishakh 1: Collected Rs. 1,000,000 from owners of the agency in exchange of shares.

Baishakh 2: Deposited into bank Rs. 800,000

Baishakh 5: Paid 3 month's rent in advance Rs. 30,000

Baishakh 8: Purchased office equipment for Rs. 100,000 and paid 20% of cash and balance through cheque.

Baishakh 10: Billed to customers for service provided Rs. 200,000

Baishakh 12: Purchased office supplies Rs. 45,000

Baishakh 14: Received Rs. 190,000 after deduction of 5% discount from the customers billed on Baishakh 10

Baishakh 20: Paid Rs. 10,000 to the advertising company.

Baishakh 25: Paid electricity bill of Rs. 2,000.

Baishakh 30: Paid office salary Rs. 50,000 by issuing cheques.

Required:

a. Journal Entries for the above transactions

b. Triple Column Cash book

c. Cash, Bank, Accounts Receivable and Account Payable Account

d. Trial Balance

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    An unadjusted trial balance of a company is given below

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    Debtors 80,000
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    Creditors 45,000
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    Revenue/Sales 500,000
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