Question No 2: (18 Marks) 14-3-2020 You are required to Journalise the following transactions with suitable narrations and showing the respective ledger groups. (Each correct entry carries 1 mark) Transactions for the month of March 2020 Date of Transactions Transaction 10-3-2020 Mr. Abdullah purchased office supplies from Vibgyor info tech for RO 15,000. (Bill No. OM22 Term : 60 days) 13-3-2020 Mr. Abdullah entered into a contract with Farser services for providing consultancy services at an agreed price of RO 15,000. He received an advance of RO 3,000 by cash. Mr. Abdullah returned office supplies to Vibgyor info tech worth RO 2,500. 16-3-2020 Mr. Abdullah paid cash RO 12,450 as final settlement with Vibgyor Info tech. 17-3-2020 Mr. Abdullah raised an invoice for RO 15,000 on Farser services after completion of the service. Farser services paid the balance amount of RO 12,000 in cash after deducting the advance paid. 18-3-2020 Mr. Abdullah raised an invoice for RO 16,000 on Al Nabha Production for services provided. The term on credit are 30 days Invoice No. BC45 19-3-2020 Mr. Abdullah paid conveyance bills amounting to RO 500 in cash to Ms. Naseera. 20-3-2020 Mr. Abdullah received RO 7,000 in cash as consulting revenue from Al Nabha productions for services rendered 22-3-2020 Al Nabha Production settled the bill for RO 7500 by paying cash. Page 5 of 6 25-3-2020 Mr. Abdullah paid RO 500 in cash towards telephone expense for last two months. 26-3-2020 Paid rent deposits to Mr. Ibrahim, Building owner RO 2,000. 27-3-2020 Purchased office furniture from Zubair furnishing LLC, RO 1,500 paying RO 500 down, the balance in 10 days. (Bill No. N12) 28-3-2020 Purchased office supplies, RO 2,500 from Good Office Supplies. Out of which 20% paid by cash and rest by Bank cheque. 29-3-2020 Received RO 1,500 for services rendered from various clients. 30-3-2020 Mr. Abdullah purchased one laptop unit from Computer Homes, RO 600. Terms: 50% down, the balance after 1-month. Mr. Abdullah withdrew cash from bank for personal use RO 500 31-3-2020 31-3-2020 Collected RO 700 from National Enterprises. 31-3-2020 Paid RO 500 to Zubair furnishing LLC. 022 Narration pochase Ashes on wo Enter in Contract Received cash office supplies Retumed dem allice Supplies Wibg you inte bech Sono (Gloupe Fixed Aster Gumps Sunday Cr. 33.3 passer services Services 5ooo bi sundry Dr. Gosales sanser services 3oou Gocash in hand is: Sandry 14-3 vingyen info Returned office Supplies G. Shundry & Gi Fixed Asstes 2500 16 fingyen info tech cash Go Sundry G: cash in hand stal83 AL Nabha sales services 16000 Gesundry ir G. Sales Root Conveyance hills 500 Gi Indirect expenses (Cochin held | provide services paid indirect exp. sales vevene : Received cash from Consultina A. Nabha Xsao for cash in hand total. Sunding Received from AL Nabha ALING
