ASSIGNMENT PRINCIPLES OF ACCOUNTING (BAAC 1102) Given below are the transactions related to Abdullah Enterprises for the month of March 2015. Date March 2015, 1 Transactions OMR Mr. Mohammed is the proprietor started business with (0) cash 100,000 and (ii) Machinery 50,000 3 Purchased Building for OMR 60,000 and paid OMR 35,000 in cash and remaining amount to be paid in the near future Borrow money from Bank Muscat 5 Purchased goods for cash 15,000 Purchased a computer for office purposes 7 Cash Sales 8 Paid electricity expenses 9 Purchased stationery for office use 10 Purchased goods from XYZ Limited 11 Sold goods on credit from ABC LLC Saham 12 Paid telephone charge 14 Paid the remaining OMR 25,000 for the building bought on 25,500 900 12,000 300 240 30,000 30,000 600 3rd March 15 Paid rent 17 Commission received 22 Sold goods to Mr. Ali Ibrahim for Cash 25 Paid Salary to Employees 900 1,800 18,000 1,800 26 Mr. Mohammed withdraw cash for personal use1,500 600 31 Mr. Mohammed withdraw goods for personal use Additional information Closing stock OMR 7,500 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 Abdullah Enterprises for the month of March 2015. Date March 2015, 1 Transactions OMR Mr. Mohammed is the proprietor started business with (0) cash 100,000 and (ii) Machinery 50,000 3 Purchased Building for OMR 60,000 and paid OMR 35,000 in cash and remaining amount to be paid in the near future Borrow money from Bank Muscat 5 Purchased goods for cash 15,000 Purchased a computer for office purposes 7 Cash Sales 8 Paid electricity expenses 9 Purchased stationery for office use 10 Purchased goods from XYZ Limited 11 Sold goods on credit from ABC LLC Saham 12 Paid telephone charge 14 Paid the remaining OMR 25,000 for the building bought on 25,500 900 12,000 300 240 30,000 30,000 600 3rd March 15 Paid rent 17 Commission received 22 Sold goods to Mr. Ali Ibrahim for Cash 25 Paid Salary to Employees 900 1,800 18,000 1,800 26 Mr. Mohammed withdraw cash for personal use1,500 600 31 Mr. Mohammed withdraw goods for personal use Additional information Closing stock OMR 7,500 REQUIRED Prepare 1. Journal entries 2. Ledgers 3. Trial Balance 4. Income statement 5. Balance Sheet