Below is information related to Dubai Trading Co. though September 2019 1- On October 1, the company
Question:
Below is information related to Dubai Trading Co. though September 2019
1- On October 1, the company started the Business with Capital of 400,000 Dhs.
deposited in the ADIB Bank
2- On October 3, Dubai Trading Co. Borrowed 50,000 Dhs. from ABC Bank (Bank
lone) received the amount cash
3- On October 6, Dubai Trading Co. purchased office equipment from Noor Co.
on Credit costs 60,000 Dhs.
4- On October 10, Dubai Trading Co. transferred 20,000 Dhs. from the cash to
the ADIB Bank.
5- On October 12, Dubai Trading Co. Purchased product from Liza Co. for 30,000
Dhs. , paid 10,000 Cash the balance on Credit
6- On October 15, Dubai Trading Co. sold product for 16,000 Dhs. cash
7- On October 20, Dubai Trading co. sold product for 35,000 Dhs. to Ali on
credit.
8- On October 25, Dubai Trading co. paid 10,000 DHS. to Liza by chick at ADIB
Bank.
9- On October 28, Dubai trading co. paid 45,000 DHS. Employees’ salaries from
ADIB Bank.
10- On October 30, Dubai Trading co. paid 2000 Dhs Utilities Expanses
Cash.
Instructions
1- Journalize these transactions in the Dubai Co. General Journal
2- Post all accounts to the General ledger
Financial Accounting
ISBN: 978-0077862268
2nd edition
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann