Question
Below is information related to Dubai Trading Co. though September 2019 1- On October 1, the company started the Business with Capital of 400,000 Dhs.
Below is information related to Dubai Trading Co. though September 2019 1- On October 1, the company started the Business with Capital of 400,000 Dhs. deposited in the ADIB Bank 2- On October 3, Dubai Trading Co. Borrowed 50,000 Dhs. from ABC Bank (Bank lone) received the amount cash 3- On October 6, Dubai Trading Co. purchased office equipment from Noor Co. on Credit costs 60,000 Dhs. 4- On October 10, Dubai Trading Co. transferred 20,000 Dhs. from the cash to the ADIB Bank. 5- On October 12, Dubai Trading Co. Purchased product from Liza Co. for 30,000 Dhs. , paid 10,000 Cash the balance on Credit 6- On October 15, Dubai Trading Co. sold product for 16,000 Dhs. cash 7- On October 20, Dubai Trading co. sold product for 35,000 Dhs. to Ali on credit. 8- On October 25, Dubai Trading co. paid 10,000 DHS. to Liza by chick at ADIB Bank. 9- On October 28, Dubai trading co. paid 45,000 DHS. Employees salaries from ADIB Bank. 10- On October 30, Dubai Trading co. paid 2000 Dhs Utilities Expanses Cash.
Instructions 1- Journalize these transactions in the Dubai Co. General Journal 2- Post all accounts to the General ledger
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started