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1. Mr. Asim started his business (Computer Repair) in Nizwa in July 2019. During the month of July, the following transactions occurred: (7.5 Marks) July
1. Mr. Asim started his business (Computer Repair) in Nizwa in July 2019. During the month of July, the following transactions occurred: (7.5 Marks) July 1 Asim opened the business by investing OMR 92,000. July 2 Purchased Computers for OMR 20,000 and immediately paid OMR 4,000 and promised the supplier to pay the remaining amount in the future. July 5 Purchased supplies on account for OMR 6,500. July 6 Provided repair service to a customer, OMR 3,600. The customer paid OMR 2,000 and the remaining will be paid in the near future. July 10 Paid the remaining amount for the Computers bought July 2nd. July 15 Provided repair service to a customer on account, OMR 16,000. July 16 Purchased Printer by cash, OMR 7,000 July 23 Received cash from the client who was billed on July 15", OMR 16,000. July 25 Received the electricity bill, OMR 400 which will be paid at the end of July. July 26 Asim received Internet bill, OMR 120 which will be paid at the end of the month. July 31 Paid the Internet bill received on 26th July. July 31 Asim paid monthly rent, OMR 400. July 31 Paid the Electricity bill, OMR 400 Prepare the unadjusted trial balance for Asim as of July 31" 2019. Problem 2. Mr. Abdul Hakeem commenced Car repair business in Muscat. The following transactions took place during the month of March 2019: (7.5 Marks) March 1 Mr. Abdul Hakeem invested OMR 78,000. March 2 Purchased car by cash, OMR 14,000 March 3 Purchased Tools to Repair cars on account OMR 4,700. March 6 Purchased equipment on account 8,000 March 9 Provided service to client for 5,000. The client paid OMR 1,500 immediately, and the remaining on account. March 11 Provided service to a customer and collected cash OMR 10,000. March 13 Mr. Abdul Hakeem Purchased equipment by cash, OMR 7,000. March 15 Purchased supplies by cash OMR 4,550. March 21 Received cash from the customer who was billed on March 9th 2019 March 22 Received the electricity bill, OMR 120. March 25 Received water bill, OMR 150. March 31 Mr. Abdul Hakeem Paid electricity bill received on March 22. March 31 Mr. Abdul Hakeem Paid water bill received on March 25. March 31 Mr. Abdul Hakeem Paid the rent of Workshop for the month of March OMR 1,000. Prepare the unadjusted trial balance for Mr. Abdul Hakeem as of March 31" 2019. Required: 1. Prepare journal (6 Marks) 2. Prepare ledger (8 Marks) 3. Prepare unadjusted trial balance (1 Marks)
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