The following transactions belong to Ahmed Furniture for the year 2022: Ahmed started his business by...

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The following transactions belong to Ahmed Furniture for the year 2022: Ahmed started his business by investing 10,000 Cash. Ahmed buys and sells Tables. Purchased 10 Tables in cash. Each Table costs him 100 1. 2. 3. Sold 3 Tables in cash. Each Table was sold for 150 4. The operating expenses for the year were 80 Instructions 1. Journalize the above entries. 2. Open ledger accounts and post the accounts. 3. Prepare Income Statement and Balance Sheet for the year 2022. 4. Prepare closing entries for the year 2022 5. Prepare Post Closing Trial Balance on December 31, 2022. The following transactions belong to Ahmed Furniture for the year 2023: Purchased 5 Tables in cash. Each Table costs him 100 2. 3. Sold 4 Tables in cash. Each Table was sold for 150 4. The operating expenses for the year were 60 Instructions 1. Journalize the above entries. 2. Open ledger accounts and post the accounts. 3. Prepare Income Statement and Balance Sheet for the year 2023. 4. Prepare closing entries for the year 2023 5. Prepare Post Closing Trial Balance on December 31, 2023. [2] The following transactions belong to Ahmed Furniture for the year 2022: Ahmed started his business by investing 10,000 Cash. Ahmed buys and sells Tables. Purchased 10 Tables in cash. Each Table costs him 100 1. 2. 3. Sold 3 Tables in cash. Each Table was sold for 150 4. The operating expenses for the year were 80 Instructions 1. Journalize the above entries. 2. Open ledger accounts and post the accounts. 3. Prepare Income Statement and Balance Sheet for the year 2022. 4. Prepare closing entries for the year 2022 5. Prepare Post Closing Trial Balance on December 31, 2022. The following transactions belong to Ahmed Furniture for the year 2023: Purchased 5 Tables in cash. Each Table costs him 100 2. 3. Sold 4 Tables in cash. Each Table was sold for 150 4. The operating expenses for the year were 60 Instructions 1. Journalize the above entries. 2. Open ledger accounts and post the accounts. 3. Prepare Income Statement and Balance Sheet for the year 2023. 4. Prepare closing entries for the year 2023 5. Prepare Post Closing Trial Balance on December 31, 2023. [2]

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Journal Entries for the Year 2022 1 Ahmed started his business by investing 10000 Cash Cash 10000 Capital 10000 2 Purchased 10 Tables in cash Each Tab... View the full answer