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Any one has answered the question below with excel sheet please ASSIGNMENT PRINCIPLES OF ACCOUNTING (BAAC 1102) Given below are the transactions related to Khalid
Any one has answered the question below with excel sheet please
ASSIGNMENT PRINCIPLES OF ACCOUNTING (BAAC 1102) Given below are the transactions related to Khalid Enterprises for the month of March 2015 Date Transactions OMR March 2015, 1 Mr. Mohammed is the proprietor started business with (i) cash 50,000 and (ii) Machinery 25,000 machinter s 3 Purchased Building for OMR 30,000 and paidcr OMR 20,000 in cash and remaining amount to be e paid in the near future Borrow money from Bank Muscat . 7,500 5 Purchased goods for cash Dr12.750 6 Purchased a computer for office purposes o Cash Sales 8Paid electricity expenses 9 Purchased stationery for office use 6,000 150 120 15,000 1 r tecirie 2 rsiony c 10 Purchased goods from XYZ Limited Ar br. 11 | Sold goods on credit from ABC LLC Saham a 12 Paid telephone charge 4Paid the remaining OMR 10,000 for the building | 15.000 |r, Dr Telepo ecr caa 300 bought on 3rd March aca 15 Paid rentr 17 Commission received 450 900 Sold goods to Mr. Ali brahim for Cash Dr_asn Paid Salary to Emplovees rx. Sl 4r-Sale 9,000 cru 900 26 Mr. Mohammed withdraw cash for personal use pr 31 Mr. Mohammed withdraw goods for personal use '11, 300 | Additional information Closing stock OMR 3,750 REQUIRED Prepare 1. Journal entries 2. Ledgers 3. Trial Balance 4. Income statement 5. Balance Sheet ASSIGNMENT PRINCIPLES OF ACCOUNTING (BAAC 1102) Given below are the transactions related to Khalid Enterprises for the month of March 2015 Date Transactions OMR March 2015, 1 Mr. Mohammed is the proprietor started business with (i) cash 50,000 and (ii) Machinery 25,000 machinter s 3 Purchased Building for OMR 30,000 and paidcr OMR 20,000 in cash and remaining amount to be e paid in the near future Borrow money from Bank Muscat . 7,500 5 Purchased goods for cash Dr12.750 6 Purchased a computer for office purposes o Cash Sales 8Paid electricity expenses 9 Purchased stationery for office use 6,000 150 120 15,000 1 r tecirie 2 rsiony c 10 Purchased goods from XYZ Limited Ar br. 11 | Sold goods on credit from ABC LLC Saham a 12 Paid telephone charge 4Paid the remaining OMR 10,000 for the building | 15.000 |r, Dr Telepo ecr caa 300 bought on 3rd March aca 15 Paid rentr 17 Commission received 450 900 Sold goods to Mr. Ali brahim for Cash Dr_asn Paid Salary to Emplovees rx. Sl 4r-Sale 9,000 cru 900 26 Mr. Mohammed withdraw cash for personal use pr 31 Mr. Mohammed withdraw goods for personal use '11, 300 | Additional information Closing stock OMR 3,750 REQUIRED Prepare 1. Journal entries 2. Ledgers 3. Trial Balance 4. Income statement 5. Balance SheetStep by Step Solution
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