Question: I have 30 m please help me Sohar Traders had the following transactions during the month of January 2020: You are required to prepare Journal

I have 30 m please help me

Sohar Traders had the following transactions during the month of January 2020: You are required to prepare Journal entry. 1st January 2020, the owner has invested OR. 65,000 cash in the business. 3rd January. Business obtains a bank loan of RO.4, 000 from bank Muscat 10th January. The business purchased machine worth RO.4, 000 from Muscat Traders LLC and paid cash. 15th January. The business performed a service to various customers and receives OR. 800 cash. 24th January. The business paid salaries to employees totalled OR.600 30th January. Owner of the business withdrawn cash of OMR 200 from the business for his personal use. (Marks 3) Maximum size for new files: 100MB

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Chapter 9 Comp Problem 11 Please tell me how to journalize "" Nov 30, Dec 14, Dec 31."" Selected transactions of Shadrach Computer Corporation during November and December of 2019 are as follows:...

Ibri Traders had the following transactions during the month of January 2020: You are required to prepare Journal entry. 1st January 2020, owner has invested OR. 55,000 cash in the business. 3rd...

1. The Accounting Cycle - During the period (8pts): Following is a complete list of accounts and account balances that appear in the general ledger as of December 31, 2019 for the Blue Box Travel Co....

Buraimi Traders had the following transactions during the month of January 2020: You are required to prepare Journal entry. 1st January 2020, the owner has invested OMR 120,000 cash in the business....

need help Required information [The following information applies to the questions displayed below.] Home Hardware reported beginning inventory of 25 shovels, for a total cost of $200. The company...

everything is correct for #1 except for January 31 (inventory ending and cost of goods sold) please show how to get those answers. please do all of #2 and #3. thank you! Required Information (The...

Flag question Question text Shinas Traders had the following transactions during the month of January 2021: You are required to prepare Journal entry. 1st January 2021, owner has invested OR. 110,000...

please help QUESTION 1 30 marks Vincent's Traders was established on 1 January 2020 by Mrs. Katy Vincent. She deposited R600 000 as capital to start trading in cleaning products. The following...

3 5:18 k [The following information applies to the questions displayed below.] Sigfusson Supplies reported beginning inventory of 120 units, for a total cost of $4,800. The company had the following...

A1: State the differences between two models of health and healing. Do not talk about all three eras, pick two and state how they are different? A2: How do you practice? If you had to pick an era,...

Choose the non-profit organization and Identify the Mission and vision statement Current Goals & objectives. Identify the current strategy. Identify Organizational Mandates.

Holding interest rates constant, for bonds selling at par or at a premium to par, duration increases with time to maturity. usually never always

2 Concerns about ethical behavior have led many companies to appoint a ( n ) particularly about resolving ethical dilemmas. q , . , someone trained about matters of ethics in the workplace, 1 points...

Explain the relationship between national culture and organizational culture

Understand the theoretical arguments underpinning current job and work design practices

Understand the relationship between different job and work designs and human resources strategies