1. Deen Dayal started a real estate agency with a cash investment of Rs 35,000. The following business transactions have been recorded: i) Paid 3 months advance rent for the office accommodation Rs 2,100 ii) Bought car for official use Rs 21,000 iii) Purchased furniture for office Rs 7,000 iv) Bought type writer from Standard Supply Co. for use in office Rs 3,000 v) Sold extra office furniture at cost to Amar for Rs 1,000. Amar paid Rs 600 in cash and accepted a Bill at 3 months for the balance. vi) Amar paid the amount of the Bill at maturity and Ram Nath paid half the amount he owed to Standard Supply Co. vii) Collected Rs 6,000 as commission. viii) Paid telephone bill amounting to Rs 150. ix) Salary is due but not yet paid Rs 1,000 Use the following headings in a tabular form and work out the effect of the transactions above on the Equity of Deen Dayal based on the AE. The heads are: Cash + Bills Receivable + Prepaid rent + Motor car + Office equipment = Standard Supply Co. + Outstanding salary + Owner's equity (Capital)
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