Write journal entry for this Date Transaction 1-1-2022 Additional capital introduced 2-1-2022 Deposited into Bank Muscat 1-2-2022
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Date Transaction 1-1-2022 Additional capital introduced 2-1-2022 Deposited into Bank Muscat 1-2-2022 Purchased Raw materials from Y traders on credit 2-2-2022 Returned raw materials to Y traders 1-3-2022 Sold 500 bags of cement to A traders on credit 2-3-2022 Received bags of cement returned by A traders 1-3-2022 Paid to Y traders the balance of amount by cheque 2-3-2022 Received from A traders the amount due in cash R.O 15000 5000 6000 560 7800 200 1-4-2022 Sold bags of cement to H traders for cash 7000 120 2-4-2022 H traders returned bags of cement and cash remitted to him 250 1-5-2022 Cash withdrawn from business for personal use 1-5-2022 Goods withdrawn from business for personal use 2-5-2022 Cash withdrawn from bank for personal use 250 300 1-6-2022 Cash withdrawn from bank for business use 450 Date Transaction 1-1-2022 Additional capital introduced 2-1-2022 Deposited into Bank Muscat 1-2-2022 Purchased Raw materials from Y traders on credit 2-2-2022 Returned raw materials to Y traders 1-3-2022 Sold 500 bags of cement to A traders on credit 2-3-2022 Received bags of cement returned by A traders 1-3-2022 Paid to Y traders the balance of amount by cheque 2-3-2022 Received from A traders the amount due in cash R.O 15000 5000 6000 560 7800 200 1-4-2022 Sold bags of cement to H traders for cash 7000 120 2-4-2022 H traders returned bags of cement and cash remitted to him 250 1-5-2022 Cash withdrawn from business for personal use 1-5-2022 Goods withdrawn from business for personal use 2-5-2022 Cash withdrawn from bank for personal use 250 300 1-6-2022 Cash withdrawn from bank for business use 450
Expert Answer:
Related Book For
Posted Date:
Students also viewed these accounting questions
-
Write journal entry for this? Lab Exercise 5: Create Company, required ledger accounts and vouchers for the following transactions. 8 Jan 2022 I. Salim commenced a business named Salim Trading,at...
-
Write a journal entry for a A check was received from Western National Credit Card Company for payment in full on credit card invoices that had been received through December 1. The invoices, for...
-
For each transaction in M3-2, write the journal entry using the format shown in the chapter.
-
Hakeem purchased some Apple iPhone. To make a profit he decides to use the formula below profit = iPhone cost * 2.5 Create 2 function. Main() Have the while loop call the profitcalc() and request if...
-
Witkum, Inc., reported the following sales and net income amounts: Show Witkums trend percentages for sales and net income. Use 2009 as the baseyear. (In thousands) Sales Net income.. 2012 201 2010...
-
If 4a 7 > 9, then which of the following cannot be equal to a? A. 3 B. 5 C. 7 D. 9 E. 11
-
An increasing number of electronic files are secured by encryption measures for added levels of protection. Such measures may make it difficult for law enforcement officials to access computer hard...
-
Philip Musa can build either a large video rental section or a small one in his Birmingham drugstore. He can also gather additional information or simply do nothing. If he gathers additional...
-
The following trial balance was extracted from the books of accounts of KOWA partnership operated by Kori and Wangui partners for the period ended 31/12/2018 after preparing a trading account. KOWA...
-
The molar enthalpy of a ternary mixture of species a, b, and c can be described by the following expression: h = -5000x - 3000x2200x500xxx [J/mol] (a) Come up with an expression for H (b) Calculate H...
-
The following are the weight (in grams) and quantity of volatile emissions (in hundreds of nanograms) for plants. A scatterplot of the data is given to the right. Weight (x) 57 83 56 66 52 66 63 81...
-
Describe situations in which the fixed-order-interval model is appropriate, and solve typical problems.
-
Describe activity crashing and solve typical problems.
-
Using the Black's normal call formula (a) Show that the delta of a call option, \(\partial C(0) / \partial A(0)\), equals \(N(d)\). (b) Using put-call parity, compute the delta of a put option. (c)...
-
Describe situations in which the single-period model is appropriate and solve typical problems.
-
Analyze networks with probabilistic times.
-
Hiroshi and Val are lifelong California residents and the best of friends. In Year 1, Hiroshi buys $30,000 worth of stock in North Texas Home Exteriors, Inc. In the same year, Val sells her 1976 Ford...
-
Charles owns an office building and land that are used in his trade or business. The office building and land were acquired in 1978 for $800,000 and $100,000, respectively. During the current year,...
-
On January 1, 2021, Samantha Clark Corp. established a cash-settled stock appreciation rights plan for its executives, the details of which are listed below: 100,000 stock appreciation rights (SARs)...
-
Occidental Exports has income before tax of $660,000 for the year ended December 31. The companys income tax rate is 30%. Additional information relevant to income taxes includes the following: ...
-
On September 30, 2018, Niagara Co. issued a $2 million, 8%, 10-year convertible bond maturing on September 30, 2028, with semi-annual coupon payments on March 31 and September 30. Each $1,000 bond...
-
On December 1, 2023, Rebecca Ward, a single taxpayer, comes to you for tax advice. At the end of every year, she donates \($5,000\) to charity. She has no other itemized deductions. This year, she...
-
Following is a list of information for Peter and Amy Jones for the current tax year. Peter and Amy are married and have three children, Aubrynne, Bryson, and Caden. They live at 100 Main Street,...
-
Kelly and Chanelle Chambers, ages 47 and 45, are married and live at 584 Thoreau Drive, Boston, MA 59483. Kellys Social Security number is 111-11-1111 and Chanelles is 222-22-2222. The Chambers have...
Study smarter with the SolutionInn App