Cr. Drawing account
i
Dato
Particulars
Amount
(Rs.)
5.000
by Balance eld
5,000
2.000
5.000
Ans 62.000
transactions of ABC Services are provided to you:
Started service rm with cash R$ 100.000
Padurniture for Rs 50000 paying Ra 10.000 cash and signing Rs 40.000 one year 5%
more payable for the balance
Mes Purchased office supplies on account Rs 1000.
medients os 20 000 for services performed
Pane Advertisement hull paid Rs 5.000
me te Panhall amount for office supplies that were purchased in June 6
de 22 RecenRs 15.000 cash from clients billed on June 10,
2 Cash withdrew by owner Rs 3.000
ne 30 Pants 2.000 for utilities
Required Thal balance
30.000.000
3000 30000
2000.000​

At the end of the week, carla receives her paycheck and goes directly to the bank after work to make a deposit into her savings account. the bank keeps the required reserve and then loans out the remaining balance to a qualified borrower named malik as a portion of his small business loan. malik uses the loan to buy a tractor for his construction business and makes small monthly payments to the bank to payback the principal balance plus interest on the loan. the bank profits from a portion of the interest payment received and also passes some of the interest back to carla in the form of an interest payment to her savings account. in this example, the bank is acting

Amanda works as an industrial designer

Ichelle is attending college and has a part-time job. once she finishes college, michelle would like to relocate to a metropolitan area. she wants to build her savings so that she will have a "nest egg" to start her off. michelle works out her budget and decides she can afford to set aside $9090 per month for savings. her bank will pay her 4 %4% per year, compounded monthly, on her savings account. what will be michelle's balance in five years?