January 2022 1 3 6 6 8 12 15 16 Salim started a new business of...

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January 2022 1 3 6 6 8 12 15 16 Salim started a new business of Electronic Games during the month of January 2022. The business name Salim's Game Center. It provides the service of selling and renting Electronic Games. He prepared the following daily transactions occurred during the month of January as follow: 17 20 20 25 26 29 31 Salim invested OMR 40,000 to start the business He paid rent-OMR 1,500 He paid interior design company OMR 25,000 for decoration. Salim purchased Games for business on credit from The North Supplier worth OMR 5,000 Purchased office computer and software for business use by cash worth OMR 1,300 Sold games to customers worth OMR 3,000 Transaction details Rented equipment for Samhan Galary on credit worth OMR 350 Purchase an insurance policy worth OMR 800 Paid The North Supplier OMR 3,000 for the Games purchased on 6 October Paid OMR 3,000 cash for two months' rent in advance Sold games to customers worth OMR 4,000 Paid for advertisement OMR 1,200 Withdrew amount of OMR 300 for personal use. Received the full amount from Samhan Galary. Paid salaries OMR 500 Requirements: Now that you have reviewed the case study above, respond to the following requirements on your own. MEC AMO TEM 035_02 f. Purchases J Salaries n. Account receivable Principles of Accounting (BUSS B 1004)-SPRING 22-CW 1- All-QP Record each of the above transactions in general journal by using the accounting names provided in the table below. Please add the name of the business as the title of the general journal. a. Cash b. Capital c. Rent e. Accounts Payables L Office computer m. Service provided Page 2 of 1 & Rent in advance k. Drawings o. Advertisement expense d. Decoration h. Sales L Insurance expenses P. January 2022 1 3 6 6 8 12 15 16 Salim started a new business of Electronic Games during the month of January 2022. The business name Salim's Game Center. It provides the service of selling and renting Electronic Games. He prepared the following daily transactions occurred during the month of January as follow: 17 20 20 25 26 29 31 Salim invested OMR 40,000 to start the business He paid rent-OMR 1,500 He paid interior design company OMR 25,000 for decoration. Salim purchased Games for business on credit from The North Supplier worth OMR 5,000 Purchased office computer and software for business use by cash worth OMR 1,300 Sold games to customers worth OMR 3,000 Transaction details Rented equipment for Samhan Galary on credit worth OMR 350 Purchase an insurance policy worth OMR 800 Paid The North Supplier OMR 3,000 for the Games purchased on 6 October Paid OMR 3,000 cash for two months' rent in advance Sold games to customers worth OMR 4,000 Paid for advertisement OMR 1,200 Withdrew amount of OMR 300 for personal use. Received the full amount from Samhan Galary. Paid salaries OMR 500 Requirements: Now that you have reviewed the case study above, respond to the following requirements on your own. MEC AMO TEM 035_02 f. Purchases J Salaries n. Account receivable Principles of Accounting (BUSS B 1004)-SPRING 22-CW 1- All-QP Record each of the above transactions in general journal by using the accounting names provided in the table below. Please add the name of the business as the title of the general journal. a. Cash b. Capital c. Rent e. Accounts Payables L Office computer m. Service provided Page 2 of 1 & Rent in advance k. Drawings o. Advertisement expense d. Decoration h. Sales L Insurance expenses P.

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Salims Game Center General Journal January 2022 Date Account Debit Credit Jan 1 ... View the full answer