Question
Sultan started his commercial business at the beginning of April 2004 and the following operations took place during the first week of the start of
Sultan started his commercial business at the beginning of April 2004 and the following operations took place during the first week of the start of work:
1/4 Deposit an amount of 12,000D in capital in the fund
2/4 He bought goods at an amount of 1,659D Sufyan, half of which were paid in cash and the rest on the account.
4/3 He sold goods for a sum of 480 dinars to Ali in cash
4/5 Pay m. Shop rent 120 d in cash and m. Advertisements for the facility, 450 d in cash.
7/4 Buy furniture to be used in the shop from Nawras stores on the account with a value of 100 D
4/8 Pay the balance of Nawras and Sufyan stores in cash
Required:
Recording previous operations in the journal and transferring them to the ledger and preparing the trial balance on 8/4/2004.
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Intermediate Accounting
Authors: Earl K. Stice, James D. Stice
18th edition
538479736, 978-1111534783, 1111534780, 978-0538479738
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