Prepare journal entry for the month of Jan Mr. Mohammed Started his new business in 1st of

Prepare journal entry for the month of Jan

Transcribed Image Text:

Mr. Mohammed Started his new business in 1st of Jauary 2020 and we extracted the following transactions from his regards. cush Jan 1 Mohammed invested 10000$ to open his company. Jan 5 mohammed purchases an equipment 1000 $ Cash. Jan 8 mohammed withdraws 500 $ cash for personal use. Jan 13 mohammed owes employee salaries of 2000$ and pays them in cash. Jan 16 mohammed received 500 $ from Abdullah company for services provided. Jan 20 mohammed received a bill for 500 $from electricity's company but Cash Suo postpones payment until a later date. Jan 22 Mohammed paid the bill for electricity's company which was postpones in (Jan 20). Jan 24 Mohammed Received 1000$ from Almarai company, for services will be provided by Mohammed on the future. Jan 25 Purchased office supplies costing 15,600 $ on account. Jan 28 Paid 15,600 for the supplies which were purchased on (Jan 25). Mr. Mohammed Started his new business in 1st of Jauary 2020 and we extracted the following transactions from his regards. cush Jan 1 Mohammed invested 10000$ to open his company. Jan 5 mohammed purchases an equipment 1000 $ Cash. Jan 8 mohammed withdraws 500 $ cash for personal use. Jan 13 mohammed owes employee salaries of 2000$ and pays them in cash. Jan 16 mohammed received 500 $ from Abdullah company for services provided. Jan 20 mohammed received a bill for 500 $from electricity's company but Cash Suo postpones payment until a later date. Jan 22 Mohammed paid the bill for electricity's company which was postpones in (Jan 20). Jan 24 Mohammed Received 1000$ from Almarai company, for services will be provided by Mohammed on the future. Jan 25 Purchased office supplies costing 15,600 $ on account. Jan 28 Paid 15,600 for the supplies which were purchased on (Jan 25).

Answer rating: 100% (QA)

Jan 1 Dr Bank 10000 Cr Capital 10000 Jan 5 Dr Equipment 1000 Cr Bank 1000 Jan 8 Dr Ba... View the full answer