Problem 1. Mr. Amjad started his Car Repair Business in Muscat in June 2020. During the...
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Problem 1. Mr. Amjad started his Car Repair Business in Muscat in June 2020. During the month of June, the following transactions occurred: June 1 Amjad opened the business by investing OMR 200,000. June 2 Purchased Computers for OMR 2,500 and immediately paid OMR 2,000 cash and promised the supplier to pay the remaining amount in the future. June 5 Purchased supplies on account for OMR 8,500. June 6 Provided repair service to a customer, OMR 5,600. The customer paid OMR 2,000 and the remaining will be paid in the near future. June 10 Paid the remaining amount of OMR 500 for the Computers bought June 2. June 15 Provided repair service to a customer on account, OMR 20,000. June 16 Purchased Computer Equipment by cash, OMR 9,000 June 23 Received cash from the customer who was billed on June Is", OMR 20,000. June 24 Received cash from the customer who was billed on June 6", OMR 3,600. June 30 Paid the Internet bill OMR 150 June 30 Amjad paid monthly rent, OMR 450. June 30 Paid the Electricity bill, OMR 350 Prepare the unadjusted trial balance for Mr. Asif as of June 30* 2020. Required: 1. Prepare journal 2. Prepare ledger 3. Prepare unadjusted trial balance Problem 1. Mr. Amjad started his Car Repair Business in Muscat in June 2020. During the month of June, the following transactions occurred: June 1 Amjad opened the business by investing OMR 200,000. June 2 Purchased Computers for OMR 2,500 and immediately paid OMR 2,000 cash and promised the supplier to pay the remaining amount in the future. June 5 Purchased supplies on account for OMR 8,500. June 6 Provided repair service to a customer, OMR 5,600. The customer paid OMR 2,000 and the remaining will be paid in the near future. June 10 Paid the remaining amount of OMR 500 for the Computers bought June 2. June 15 Provided repair service to a customer on account, OMR 20,000. June 16 Purchased Computer Equipment by cash, OMR 9,000 June 23 Received cash from the customer who was billed on June Is", OMR 20,000. June 24 Received cash from the customer who was billed on June 6", OMR 3,600. June 30 Paid the Internet bill OMR 150 June 30 Amjad paid monthly rent, OMR 450. June 30 Paid the Electricity bill, OMR 350 Prepare the unadjusted trial balance for Mr. Asif as of June 30* 2020. Required: 1. Prepare journal 2. Prepare ledger 3. Prepare unadjusted trial balance
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a JOURNAL ENTERIES In the books of Amjad Date Particular Debit Credit June 1 Cash Ac Dr 200000 To Capital 200000 Amjad invested Capital in Business June 2 Computer Ac Dr 2500 To Cash 2000 To Supplier ... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-1118147290
15th edition
Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield
Posted Date:
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