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6 1. The following transactions are taken from the books of Mr. Asim for the month of May 2020. May 1 Mr. Asim started the
6 1. The following transactions are taken from the books of Mr. Asim for the month of May 2020. May 1 Mr. Asim started the business for accounting services by investing OMR 95,000. 4 The company purchased a Computers on credit from E-Max for OMR 7,000. Paid OMR 3,000 cash and the balance will be paid next month The business paid in advance for the insurance covering full year amount OMR 2,400 14 Business provided Auditing Scrvices to customer by collecting cash OMR 7,500. 23 Mr. Asim carned OMR 17.700 in revenue from the customer for auditing services provided to them. He received OMR 7.350 cash, and customers agreed to pay remaining amount later. 25 Mr. Asim paid OMR 3,700 to E-Max. 27 Mr. Asim paid the salary for his employees OMR 3.330. 28 The business paid office rent OMR 1,110 for the month of May 2020. 30 Received cash OMR 3,350 from the customer who previously billed for the service provided on credit, dated May 23, 2020. 31 Mr. Asim withdrawn cash OMR 1,700 for his private use. Required: 1. Prepare Journal Entries, 2. Ledger Accounts and 3. Unadjusted Trial Balance
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