Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2. The following transactions are taken from the books of Mr. Hashim for the month of December 2023. Dece. 2 Mr. Hashim started a

image text in transcribed

2. The following transactions are taken from the books of Mr. Hashim for the month of December 2023. Dece. 2 Mr. Hashim started a Services business by investing OMR 45XXX (add the last three digit of your ID number) in Cash. 4 6 9 Purchased Machinery on credit from Kevin Company OMR 3,000. The business purchased furniture from Deluxe Furniture Store for OMR 2,200. Paid OMR 1,500 immediately and agreed to pay the balance in the near future. Paid for insurance covering full year amount OMR 4,800 11 Business provided services to customer OMR 1,580 and received cash OMR 800 and the customer agreed to pay the remaining amount in one month. 16 Business earned OMR 2,200 in revenue in cash from customers for service provided. 21 62222 24 Balance paid to Deluxe Furniture Store for the furniture purchased on 6th December 2023 Paid the Electricity expenses OMR 180. 28 Staff salary paid for the month of December 2023 OMR 1,750 31 30 Received the balance cash from the customer who previously billed for the service provided on 11th December 2023. Mr. Hashim withdrawn cash OMR 1,200 from the business for personal use. Required: Prepare Journal Entries, Ledger Accounts and Unadjusted Trial Balance. Page 2 of 7

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Survey of Accounting

Authors: Carl S Warren

5th Edition

9780538489737, 538749091, 538489731, 978-0538749091

More Books

Students also viewed these Accounting questions

Question

Compare an S corporation to a limited liability company.

Answered: 1 week ago