Question
1-(Seen) Mobile Maintenance Company started with a capital of 100,000 riyals, which was received in cash. 2-The company (S) bought tasks on the account for
1-(Seen) Mobile Maintenance Company started with a capital of 100,000 riyals, which was received in cash.
2-The company (S) bought tasks on the account for an amount of 8,000 riyals, to be paid within 30 days
3-Company (S) provided services to customers with revenues of 15,000 riyals and received them in cash
4-The company (Sen) provided services to customers with revenues of 7,000 riyals, which were obtained from them within 30 days 5-Company (S) bought a plot of land for 80,000 riyals in cash
6-Company (S) paid the following expenses in cash: 2,000 riyals for service expenses, 2,500 riyals for shop rent, 3,000 riyals for workers' salaries.
7-The company (S) has collected an amount of 2000 riyals in cash from customers in relation to transaction No. 4 above
8- Company (S) paid 2,500 riyals to creditors in connection with transaction No. 2 above.
9- Company (S) sold half of the plot of land for 45,000 riyals. (Transaction No. 5 above)
10- The company (S) announced dividends to shareholders in the amount of 10,3000 riyals, and it was paid to them in cash
Required 1- Analyze the transactions numbered from 1 to 3 above using the basic accounting equation. 2- Make daily entries for the transactions numbered from 4 to 10 above. 3- Copying (prepare the following accounts in the general ledger 1- Account / Cash 2- Account / Creditors 4 numbers of the following: 1- The company's trial balance 2- The company's income statement 3- The company's financial position statement.
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