FASHION CONCEPTS

June 1 Rakesh invested Rs.50000 cash in Fashion Concepts Company.

June 2 Bought office supplies for cash Rs.2000.
June 3 Paid office rent for June Rs.1500.
June 4 Bought office equipment from Agrawal Company for Rs.9000 with a
down payment of Rs.3000 and agreed to pay the balance in six equal

installments on the last day of the month beginning June.

June 5 Signed an agreement with Ethnic Wear for developing a special
design. The agreement provided for a payment of Rs.2000 by Ethnic Wear on
completion of the work.
June 6 Paid for a one-year fire insurance policy that will expire May 3, next

year Rs.720.
June 7 Receive fee for design supplied, Rs.2000.
June 8 Collected from Kidswear, a services to be provided later, Rs.1500.
June 9 Bought office supplies on credit from Mohan Company Rs.3200.
June 10 Billed Shah Company for designed completed, Rs.9000.
June 14 Paid Mohan Company Rs.1000.
June 18 Collected from Shah Company Rs.4000.
June 21 Appointed an office manager on a monthly salary of Rs.2500.
June 27 Paid telephone bills Rs.200.
June 29 Received (but not paid) electricity bill, Rs.150.
June 30 Paid office managers June salary Rs.800.
June 30 Paid Agrawal Company Rs.1000.
June 30 Paid a dividend Rs.2200.