The Kamran Steel Ltd. engaged in the following transactions during the month of December 2018: ⦁ DEC. 01: Issued 2,000 shares of ⦁ common stock

The Kamran Steel Ltd. engaged in the following transactions during the month of December 2018: ⦁ DEC. 01: Issued 2,000 shares of ⦁ common stock at 200 per share ⦁ DEC. 03: Paid office rent for the month of December Rs 5000. ⦁ DEC. 06: Purchased office supplies Rs 2500. ⦁ DEC. 12: Purchased office equipment on account Rs45,000 ⦁ DEC. 16: Purchased business car for Rs 50,000. Paid Rs200,000 cash and issued a note for the balance. ⦁ DEC. 21: Billed clients Rs 24,000 on account. ⦁ DEC. 25: Declared dividends Rs 30,000. The amount of dividends will be distributed in December. ⦁ DEC. 28: Paid utility bills for the month of December Rs1800. ⦁ DEC. 29: Received Rs 20,000 cash from clients billed on December 21. ⦁ DEC. 30: Paid salary for the month of December Rs 8,500

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