Question: Please solve 1, 2, 3, 4, & 5 Preferably by typing in the computer Thanks ASSIGNMENT PRINCIPLES OF ACCOUNTING (BAAC 1102) Given below are the
ASSIGNMENT PRINCIPLES OF ACCOUNTING (BAAC 1102) Given below are the transactions related to Khalid Enterprises for the month of March 2015 Date March 2015, 1 Mr. Mohammed is the proprietor started business Transactions OMR COSK& Cepito with () cash 50,000 and (ii) Machinery 25,000rachiner. c 3 Purchased Building for OMR 30,000 and paidr OMR 20,000 in cash and remaining amount to be r paid in the near future Borrow money from Bank Muscat D 5 Purchased goods for cash 6 Purchased a computer for office purposes 7 Cash Sales s 7.500 12.750 or 450 6,000 150 8Paid electricity expenses 9 Purchased stationery for office use 10 Purchased goods from XZ Limited 11 Sold goods on credit from ABC LLC sahama 120 Paid telephone charge Dr rtecir 0r.l - 15,000 | Dr. 15,000)-r teaeh OIR 10.rsd 300 Paid the remaining OMR 10,000 for the building bought on 3rnd March 15 Paid rentD aon 450 900 r- Sele 9.000 900 Commission received or goods to Mr. Ali Ibrahim for Cash 26 Mr. Mohammed withdraw cash for personal use Trr 31 Mr. Mohammed withdraw goods for personal usen 2 Sold or 251 Paid Salary to Employees 750 cr 300 Additional information Closing stock OMR 3,750 REQUIRED Prepare 1. Journal entries 2. Ledgers 3. Trial Balance 4. Income statement 5. Balance Sheet
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