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1- The following entries are in the books of Ali Co. for the month of May, 2021: Establish the business with a capital of
1- The following entries are in the books of Ali Co. for the month of May, 2021: Establish the business with a capital of OMR 200,000. Purchase Goods costed OMR 10,000. 10th May 12th May 13th May 17th May Sold goods for OMR 7,000 on account to Mr. Moh. Purchase equipment costed OMR 20,000. 18th May Withdraw an amount of OMR 5,000 for personal use. 19th May Received OMR 1,000 from the client for goods sold on 13th May. 20th MayBought goods for OMR 3,000 on account from Mr. Ahmed. Paid OMR 2,000 for transportation expenses. 21th May 22 May Purchased land costed OMR 20,000 23th May Sold goods for OMR 3,000 on account to Ali. Prepare journal, ledger along with trial balance.
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