The following operations took place during January 2021: On the 1st of it, Al-Taawon Legal Consulting...

  

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The following operations took place during January 2021: On the 1st of it, Al-Taawon Legal Consulting Company began investing in a cash amount of 10,000 dinars, half of which was deposited in the company's current account and half of it in the company's treasury. On the 5th of it, the company provided consulting services for 500 dinars, which was received by check. On the 12th, the company purchased office equipment from the Modern Equipment Company for a value of 1,000 dinars on account. On the 26th, the company paid 1,500 dinars in cash as salaries to its employees. On 31st, the company paid half of its due to the Modern Equipment Company by check. Required: A. Proof (record) the necessary journal entries in the journal of the Co-operative Legal Consultancy Company. The following operations took place during January 2021: On the 1st of it, Al-Taawon Legal Consulting Company began investing in a cash amount of 10,000 dinars, half of which was deposited in the company's current account and half of it in the company's treasury. On the 5th of it, the company provided consulting services for 500 dinars, which was received by check. On the 12th, the company purchased office equipment from the Modern Equipment Company for a value of 1,000 dinars on account. On the 26th, the company paid 1,500 dinars in cash as salaries to its employees. On 31st, the company paid half of its due to the Modern Equipment Company by check. Required: B. Post the previous Transaction into cash and bank accounts to the ledger. (T Accounts) The following operations took place during January 2021: On the 1st of it, Al-Taawon Legal Consulting Company began investing in a cash amount of 10,000 dinars, half of which was deposited in the company's current account and half of it in the company's treasury. On the 5th of it, the company provided consulting services for 500 dinars, which was received by check. On the 12th, the company purchased office equipment from the Modern Equipment Company for a value of 1,000 dinars on account. On the 26th, the company paid 1,500 dinars in cash as salaries to its employees. On 31st, the company paid half of its due to the Modern Equipment Company by check. Required: A. Proof (record) the necessary journal entries in the journal of the Co-operative Legal Consultancy Company. The following operations took place during January 2021: On the 1st of it, Al-Taawon Legal Consulting Company began investing in a cash amount of 10,000 dinars, half of which was deposited in the company's current account and half of it in the company's treasury. On the 5th of it, the company provided consulting services for 500 dinars, which was received by check. On the 12th, the company purchased office equipment from the Modern Equipment Company for a value of 1,000 dinars on account. On the 26th, the company paid 1,500 dinars in cash as salaries to its employees. On 31st, the company paid half of its due to the Modern Equipment Company by check. Required: B. Post the previous Transaction into cash and bank accounts to the ledger. (T Accounts)

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