Accounts

Date Cash Supplies Equipment = A/C PAYBLE Notes payable Capital Remarks
Receivable
1-Sep 15000 15000 Invesment
2-Sep -7000 7000
3-Sep 1600 1600
4-Sep 1200 1200 Service
5-Sep 250 -250 Adv expense
6-Sep 1500 2000 3500 prog service
7-Sep -600 -600 Rent
8-Sep -900 -900 Salaries
-200 -200 Utilities
9-Sep -250 -250
10-Sep 600 -600
11-Sep -1300 -1300 Drawing

Income Statement
At end of Marc,2018
Revenue
Service Revenue 4700
Expenses
Adv expense 250
Rent expense 600
Salaries expenses 900
Utilities expense 200
Total expenses 1950

Net Income 2750

 SOFTBYTE
Statement of Owner's Equity
For the Month Ended March 31, 2018
M. Doucet, Capital, September 1
Add: Investments 15000
Net income 2750

Less: Drawings 1300

M. Doucet, Capital September 30 16450

SOFTBYTE
Balance sheet
31-Mar-18

Asset

Cash 8050
A/C receivable 1400
Supplies 1600
Equipment 7000
Total Asset 18050

Liabilities and Owner's equity

Liabilities
A/C payable 1600
Owner's Equity
M. Daucet, Capital 16450

Total Liabilities and Owner's equity 18050

 Accounts A/C Notes
Date Cash Supplies Equipment = Capital
Receivable PAYBLE payable
1-Jan 15000 10000 25000
,, -1000 -1000
2-Jan -5000 5000
4-Jan -1000 1000
10-Jan 6000 6000
15-Jan 4000 4000
20-Jan 2000 2000
25-Jan 4000 -4000
30-Jan 500 -500
31-Jan -1000 -1000
,, -600 -600
,, -800 -800

18400 200 0 15000 0 500 2000 31100

Income Statement
At end of January,2019
Revenue
Service Revenue 10000
Expenses
Telephone bill 500
Rent expense 1000
Salaries expenses 1000
Electric bill 600
Medical supplies 800
Total expenses 3900

Net Income 6100

 Remarks

Invesment
Rent

Service revenue Medical supplies not menti

Patient bill

Telephone bill
Salary
Electric bill
Supplies

BEXIMCO BEXIMCO
Statement of Owner's Equity Balance sheet
For the Month Ended January 31, 2019 31-Jan-19
Capital January 1, 2019
Cash invesment 15000 Asset
Almirah & Table 10000
Net income 6100 Cash
A/C receivable
Capital January 31,2019 31100 Supplies
Equipment
Total Asset

Liabilities and Owner's equ

Liabilities
A/C payable
Notes payable
Capital

Total Liabilities and Owner's equity

Medical supplies not mentioned So CASH

BEXIMCO
Balance sheet
31-Jan-19

18400 As per cash flow statement

200
15000
Total Asset 33600

Liabilities and Owner's equity

500
2000
31100 As per equity statement

ties and Owner's equity 33600

 Accounts A/C Notes
Date Cash Supplies Equipment = Capital
Receivable PAYBLE payable

1-Jan 40000 10000 50000

2-Jan -2000 -2000
4-Jan 6000 6000
10-Jan -1500 -1500
13-Jan 6000 6000
16-Jan -500 500
18-Jan -800 -800
24-Jan 10000 10000
27-Jan 5000 5000
28-Jan 5000 -5000
30-Jan -2000 -2000
,, -500 -500
,, -1000 -1000
47700 500 5000 16000 0 6000 5000 58200

Income Statement
At end of January,2019
Revenue
Service Revenue 16000
Expenses
Telephone bill 500
Rent expense 2000
Salaries expenses 2000
Electric bill 1000
Advertising expenses 1500
Total expenses 7000

Net Income 9000

 Question-02:
Remarks Mr Shohag started Shohag travelling agency business on January 01, 2019.
He invested cash TK= 40000 and equipment TK=10000,
Invesment During the first month the transactions were as follows:
January 2, Paid office rent for January in cash -------- TK=2000
Off rent
‘’ 4, Purchased office cabinet on account ---------- ‘’ =6000
‘’ 10, Paid for advertising bill in cash ----------- ‘’ =1500
Adv bill ‘’ 13, Received for service rendered in cash ------- ‘’ = 6000
Service rev ‘’ 16, Purchased office supplies in cash ---------- ‘’ = 500
‘’ 18, Cash withdraw for personal use ------- ‘’ =800
Drawing ‘’ 24, Service charge earned but not yet received -------‘’ =10000
‘’ 27, Borrowed from Sonali bank against notes payable=5000
Service ‘’ 28, received cash from account receivable ------------ = 5000
‘’ 30, Paid cash salary TK=2000, telephone bill -------TK=500
and electric bill TK=1000
Salary Required:
Telephone bill 1. Show the effects of the above transactions on the accounting equation in tabular form.
Electric bill
2. Prepare income statement and balance sheet.

Shohag travelling agency Shohag travelling agency

Statement of Owner's Equity Balance sheet
For the Month Ended January 31, 2019 31-Jan-19
Capital January 1, 2019
Add: Cash invesment 40000 Asset
Equipment 10000
Net income 9000 Cash
A/C receivable
Less: Drawings 800 Supplies
Equipment
Capital January 31,2019 58200 Total Asset

Liabilities and Owner's equity

Liabilities
A/C payable
Notes payable
Capital

Total Liabilities and Owner's equity

y 01, 2019.

K=2000
‘’ =6000
‘’ =1500
‘’ = 6000
‘’ = 500
‘’ =800
-‘’ =10000
ble=5000
--- = 5000
TK=500

nting equation in tabular form.

hohag travelling agency

Balance sheet
31-Jan-19

47700 As per cash flow statement

5000
500
16000
Total Asset 69200

Liabilities and Owner's equity

6000
5000
58200 As per equity statement

ties and Owner's equity 69200

 Accounts Notes
Date Cash Supplies Equipment = A/C PAYBLE Capital
Receivable payable

1-Sep BDT 115,000 BDT 115,000

2-Sep BDT (17,000) BDT 17,000
3-Sep BDT 11,600 BDT 11,600
4-Sep BDT 21,200 BDT 21,200
5-Sep BDT 8,250 BDT (8,250)
6-Sep BDT 11,500 BDT 12,000 BDT 23,500
7-Sep BDT (1,600) BDT (1,600)
,, BDT (1,900) BDT (1,900)
,, BDT (200) BDT (200)
8-Sep BDT (8,250) BDT (8,250)
9-Sep BDT 1,600 BDT (1,600)
10-Sep BDT (11,300) BDT (11,300)

BDT 109,050 BDT 11,600 BDT 10,400 BDT 17,000 BDT 11,600 BDT 136,450

Income Statement
At end of September,2019
Revenue
Service Revenue BDT 44,700
Expenses
Adv expense 8250
Rent expense 1600
Salaries expenses 1900
Utilities 200

Total expenses 11950

Net Income 32750

 Remarks

Investment

Service revenue
Adv expense
Service revenue
Rent
Salaries
Utilities

Drawing

Yahoo company Yahoo Company

Statement of Owner's Equity Balance sheet
For the Month Ended Sep 30, 2019 30-Sep-21
Capital September 1, 2019
Add: Cash invesment 115000 Asset
Net income 32750
Cash
A/C receivable
Less: Drawings 11300 Supplies
Equipment
Capital September 30,2019 136450 Total Asset

Liabilities and Owner's equity

Liabilities
A/C payable
Notes payable
Capital

Total Liabilities and Owner's equity

 Yahoo Company
Balance sheet
30-Sep-21

BDT 109,050 As per cash flow statement

BDT 10,400
BDT 11,600
BDT 17,000
Total Asset 148050

Liabilities and Owner's equity

BDT 11,600
BDT -
BDT 136,450 As per equity statement

ties and Owner's equity 148050

 Accounts Notes
Date Cash Supplies Equipment = A/C PAYBLE
Receivable payable

1-Jan BDT 20,000 BDT 10,000

2-Jan BDT (2,000)
4-Jan BDT 6,000 BDT 6,000
10-Jan BDT (1,500)
13-Jan BDT 6,000
16-Jan BDT (500) BDT 500
18-Jan BDT (800)
24-Jan BDT 10,000
27-Jan BDT 5,000 BDT 5,000
28-Jan BDT 5,000 BDT (5,000)
30-Jan BDT (2,000)
,, BDT (1,000)

BDT 28,200 BDT 500 BDT 5,000 BDT 16,000 BDT 6,000 BDT 5,000

Income Statement
At end of January,2019
Revenue
Service Revenue BDT 16,000
Expenses
Adv expense BDT 1,500
Rent expense BDT 2,000
Salaries expenses BDT 2,000
Electric expense BDT 1,000

Total expenses BDT 6,500

Net Income BDT 9,500

 Capital Remarks

BDT 30,000 Invesment

BDT (2,000) Off rent

BDT (1,500) Adv bill

BDT 6,000 Service revenue

BDT (800) Drawing

BDT 10,000 Service revenue

BDT (2,000) Salary

BDT (1,000) Electric bill

BDT 38,700

Monno Limited Monno

Statement of Owner's Equity Balanc
For the Month Ended January 30, 2019 30-J
Capital September 1, 2019
Add: Cash invesment BDT 20,000
Equipment BDT 10,000
Net income BDT 9,500 Cash
A/C receivable
Less: Drawings BDT 800 Supplies
Equipment
Capital September 30,2019 BDT 38,700

Liabilities
A/C payable
Notes payable
Capital

Total Liabilities and Own

 Monno Limited
Balance sheet
30-Jan-19

Asset

BDT 28,200 As per cash flow statement

A/C receivable BDT 5,000
BDT 500
Equipment BDT 16,000
Total Asset BDT 49,700

Liabilities and Owner's equity

A/C payable BDT 6,000

Notes payable BDT 5,000
BDT 38,700 As per equity statement

Total Liabilities and Owner's equity BDT 49,700