The general journal book of Al Markkas shows the following entries for the month of November 20X6
Question:
The general journal book of Al Markkas shows the following entries for the month of November 20X6 transactions. You are required to post these entries to their respective accounts in the general ledger and prepare a trial balance as of November 30, 20X6.
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General Journal Date Account Titles and Explanation Debit Credit Nov 20X6 1 Cash 75,000 Owner Capital 75,000 Investment by owner in the company 3 Material Supplies 5,000 Cash 5,000 Material Supplies cash purchase 5 Company Car 20,000 Cash 20,000 Company car purchased by cash 8 Office Equipment 3,000 Cash 3,000 Office equipment cash purchases 10 Material Supplies 7000 Accounts Payable 7000 Material supplies purchased on account 12 Rent Expense 2,000 Cash 2,000 Paid September rent 14 Accounts Receivable 3,000 Revenue 3,000 Invoiced customers for sales 16 Cash 3,500 Revenue 3,500 Cash sales Accounts Receivable Revenue 1,000 1,000 Invoiced customer for sales 20 Utility Expense Cash Paid month utilities expenses for cash 200 200 30 Dividends 750 Cash 750 Cash dividend paid 30 Salaries 1,500 Cash 1,500 Monthly salaries paid by cash
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Related Book For
Principles Of Islamic Accounting
ISBN: 9781119023296
1st Edition
Authors: Nabil Baydoun, Maliah Sulaiman, Roger J. Willett, Shahul Ibrahim
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