Question
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 July 10 15 July 16 July 23 Paid the remaining amount for the Computers bought July 2nd. Provided repair service to a customer on account, OMR 16,000. Purchased Printer by cash, OMR 7,000 Received cash from the client who was billed on July 15th, OMR 16,000. July 25 Received the electricity bill, OMR 400 which will be paid at the end of July. July 26 July 31 Asim received Internet bill, OMR 120 which will be paid at the end of the month. 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 31st 2019. Required: 1. Prepare journal (6 Marks) 2. Prepare ledger (8 Marks) 3. Prepare unadjusted trial balance (1 Marks)
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