11. The following transactions are obtained from the books of Mr. Prime for the month of July, 2021:January 1: Prime invested cash Tk. 2,00,000 and furniture Tk. 50,000 into business. 5: Purchased office supplies for cash Tk. 30,000 and on account Tk. 20,000. 15: Received cash Tk. 1,00,000 for services rendered. 24: Insurance paid in advance Tk. 5,000. 31: Paid office rent Tk. 20,000 for the month.Required: (i) Prepare journal entries. (ii) Open necessary ledger accounts.Solution.