The following entries are in the books of Ali Co. for the month of May,2021: 10th May

Establish the business with a capital of OMR 400,000. 12th May

Purchase Goods costed OMR 20,000. 13th May

Sold goods for OMR 6,000 on account to Mr. Adnan. 17th May

Purchase car costed OMR 10,000. 18th May : Withdraw an amount of OMR 1,000 for personal use. 19th May :

Received OMR 1,000 from the client for goods sold on 13th May. 20th May : Bought goods for OMR 3,000 on account from Mr. Ahmed. 21th May :

Paid OMR 2,000 for staff expenses. 22th May :

Purchased building costed OMR 20,000 23th May :

Sold goods for OMR 3,000 on account to Ali.

Prepare journal, ledger along with trial balance.

Answer rating: 100% (QA)

Based on the given transactions the journal entries for the month of May 2021 would be as follows 1 ... View the full answer