Answered step by step
Verified Expert Solution
Question
1 Approved Answer
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
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) ***End of Assignment**
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started