1. No entry or Memorandum Entry only
2. Debit Cash/Bank 20,000 and Credit Advances to Client 20,000
3. No Entry or Memorandum entry only
4. Debit Advances to Y Company 10,000 and Credit Cash/Bank 10,000
5. Debit Cost of Jobs/Cost of services 25,000 and Credit Advances to Y Company 20,000 and Credit Account Payable 5,000
6. Debit Account Receivables 30,000, Debit Advances to Client 20,000 and Credit Sales 50,000