Classwork

Classwork No.1

Mr. Manoj provides the details of the following transactions for the months of July and
August 2024

July 1 Started business by depositing Rs. 20000 in the company’s bank account
in exchange for 2,000 shares of Rs 10 each
July 1 Paid 3 month rent in advance, Rs. 3000
July 1 Paid the premium on a one-year insurance policy, Rs. 900
July 5 Bought office equipment from Kiran Company, Rs 6000 and gave two bills
payable for Rs. 3000 each
July 7 Bought office supplies for cash, Rs. 2390
July 8 Bought art supplies on credit from Fairdeal Company Rs. 4510
July 9 Billed customers for services provided Rs. 6800
July 18 Received cash for services to be provided later Rs. 1800
July 27 Received cash from customers billed on July 9 Rs. 4900
July 29 Paid salaries for July Rs. 2100
July 31 Paid Kiran Company Rs .3000

August 1 Billed customers for services provided Rs. 7400

August 3 Received cash from customers billed on July 9 Rs. 1900
August 5 Provided services for cash received on July 18
August 9 Paid suppliers for art supplies Rs. 2100
August 13 Bought art supplies on credit Rs. 4200
August 17 Received cash from customers billed on August 1
August 24 Bought office supplies for cash Rs. 1300
August 29 Paid salaries for August Rs. 2300
August 30 Paid dividend Rs. 120
August 31 Paid Kiran Company Rs. 3000