Accounting Assignment

Abdul Raafay BBA 1B 23L-4095

EcoTech Solutions is a green technology manufacturing company dedicated to

producing eco-friendly, sustainable products. We specialize in manufacturing
solar panels, energy-efficient appliances, and sustainable building materials.

1. Initial investment of $500,000 from the founder's personal savings.

2. Purchase of manufacturing equipment for $250,000 on credit from a
supplier.
3. Sale of 1,000 solar panels at $300 each, generating $300,000 in revenue.
4. Payment of $50,000 in wages to manufacturing employees.
5. Purchase of raw materials for $75,000 on credit.
6. Research and development expenses of $30,000 for product
improvement.
7. Receipt of a $100,000 loan from a financial institution for business
expansion.
8. Payment of $10,000 in utility bills for the manufacturing facility.
9. Monthly rent payment of $5,000 for the manufacturing facility.
10.Income tax payment of $15,000 to the government.
Assets:
1. Purchased manufacturing equipment for $50,000 in cash.
2. Received $20,000 from a customer as an advance payment for future orders.
3. Bought raw materials on credit for $10,000.
4. Sold 200 units of finished products for $15,000 in cash.
5. Invested $30,000 of personal savings into the business bank account.
Liabilities:
1. Received an invoice from a supplier for $5,000 for raw materials
purchased on credit.
2. Incurred a liability of $2,500 for services received from a marketing
agency.
3. Obtained a short-term loan of $25,000 from a bank.
4. Received a bill from a supplier for $8,000 for raw materials purchased on
credit.
5. Accrued unpaid wages of $4,000 for employees' work during the current
month.

Expenses:
1. Paid $2,500 in rent for the office and manufacturing facility.
2. Incurred $1,200 in utility expenses for the month.
3. Purchased office supplies for $800 in cash.
4. Paid $3,000 for advertising and marketing services.
5. Recorded depreciation expense of $1,000 for the manufacturing
equipment.