Reference no: EM132652279

Question - On March 1, 2020, you have incorporated a new transport Company. The transactions occurring during the first month of operations were as follows:

a) Started business by depositing Rs. 10,000 in the business bank account.

b) Purchased equipment for Rs. 3,500 on account

c) Purchased office supplies for Rs. 800 cash.

d) Provided Rs. 2,600 of services to the customer on account.

e) Business paid Rs. 500 cash towards the equipment previously purchased on account in second transaction.

f) Received Rs. 2,000 in cash for services provided to a new customer.

g) Paid Rs. 200 cash to repair equipment.

h) Paid Rs. 900 cash in salary expense.

i) Received Rs. 2,100 cash from a customer on account.

j) Owner withdrew cash of Rs. 1,500.

Required -

1. Prepare journal entries for the month of March of your business.

2. Prepare the ledger accounts and the trial balance from the above entries.