The following business transactions of Mrs.Haneen, a sole trader. June 2021 (1) Capital invested as cash...

 

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The following business transactions of Mrs.Haneen, a sole trader. June 2021 (1) Capital invested as cash RO 74,000 to start up the business (5) Paid RO 45000 in cash to Purchase Factory (7) Purchase of goods on credit for RO 35000 and 36500 on cash from Suad trading (8) Sale of goods RO 45000 on credit to Suhail trading and for cash RO 35600 (9) Paid RO 32000 liability to the Suad trading (11) Paid advertisement of RO 4500 (17) Paid salaries of RO 1800 (16) Paid rent RO 300 for the house of the sole trader (28) Collection of accounts receivable RO 37000 from Suhail trading You required to: a. Prepare Journal entries b. Post ledger accounts c. Trail balances The following business transactions of Mrs.Haneen, a sole trader. June 2021 (1) Capital invested as cash RO 74,000 to start up the business (5) Paid RO 45000 in cash to Purchase Factory (7) Purchase of goods on credit for RO 35000 and 36500 on cash from Suad trading (8) Sale of goods RO 45000 on credit to Suhail trading and for cash RO 35600 (9) Paid RO 32000 liability to the Suad trading (11) Paid advertisement of RO 4500 (17) Paid salaries of RO 1800 (16) Paid rent RO 300 for the house of the sole trader (28) Collection of accounts receivable RO 37000 from Suhail trading You required to: a. Prepare Journal entries b. Post ledger accounts c. Trail balances

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a Preparation of Journal Entries Date 2021 Jun 1 Jun5 Jun7 Jun8 Jun9 Jun11 Jun 17 Jun 16 Jun28 Ca... View the full answer