DRILL 1 Journalize the following transactions of Till A Lok Consultancy for the month of January: 2016 Jan.

1 Mr. Lok deposited 880,000 in the account of the company. He also invested a computer valued at 67,000.

2 Consultancy services rendered to Mongolia Corp. on account, 75,000

3 Bought 700,000 worth of transportation equipment from Mitsubishi on account

7 Consultancy services rendered to various clients for cash,190,000

15 Consultancy services rendered to Codak Co. on account, 32,000

16 Paid Mitsubishi Motors in full

18 Collected 15,000 from Codak Co.


20Received water bill, 980


26 Paid electricity for the month, 2,540