Accounting problems 2

& Owner's equity
Creditors Rs.80,000
Capital - 188,000
3. On 1st January, 2005, the balances of HV sKhan Bros, am as follows;
Assets
Cask
Debtors of goods Stock of goods Building
Rs. 50,000 34,000 44,000 140.000 26S
Transactions during the month of January; Jan; li Ruddy^ goods for cost
5. Sold goods for cash Rs. 24,000 Costing Rs. 21,000
7. Cash paid to creditors Rs, 50,000
9. Sold goods for cash Rs: 10,000 and as credit balance Rs. 6,000 costing Rs. 12,000.
Ilk Goods returned by a customer Rs. 4,000 costing Rs. 3}800
15. Cash received from debtors Rs. 28,000
18. Cash paid for furniture purchased for owner's domestic use Rs. 2,000
22. Depreciation on buiMing Rs. 2^00
Paid telephone bill Rs. 1,200
Paid salaries Rs, 6,000.
Show the effects of above transactions on the accounting equation. .
{Rs. 212.8QQ].
On 1st March 2005, ihs balanoss of MVS Aambr Bros, ars as follows:
Assets Liabilities
Cash 60,000 Accounts Payable 45,000
Accounts Receivable 45,000 Capital ?
Merchandise Inventory 72,000
Furniture 90,000
Transactions during the month of March 2005. March: 04. Goods costing Rs. 18,000 are sold for Rs. 30,000 subject to 5 % trade discount.
10. Office supplies of Rs. 15,000 are purchased from Khurram Traders.
14. Half of the Accounts Payable on 13,2005 an paid.
22. I'aid for stationery purchased Rs. 3,000.
24. Depredation on furniture Rs. 4,500.
25.* Rs. 21,000 received from accounts receivables.
28. Purchased goods for cash Rs. 15,000 subject to 5 % trade discount
30. Paid Rent for the month Rs. 6,000.
(Rs. 259.5001