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Blackboard A Remaining Time: 1 hour, 15 minutes, 40 seconds. Question Completion Status: QUESTION 5 16 points Save Answer Naser Company was established on April
Blackboard A Remaining Time: 1 hour, 15 minutes, 40 seconds. Question Completion Status: QUESTION 5 16 points Save Answer Naser Company was established on April 1, 2019. Prepare journal entries to record the following transactions (16 marks). April 1. Naser invested AED90,000 cash in the company and an additional AED45,000 to purchase equipment. April 2. Purchased supplies costing AED7,000 by paying 20% in cash and the remainder on credit. April 3. Offer services to Yaser company for AED25,000. Yaser paid by cash half of this amount. April 4. Paid AED16,000 cash for one-year office rent. April 5. Appointed a manager to start work next month for AED8,000 per month. April 6. Received AED12,000 from a client for services to be performed next month. April 7. Advertised in the newspaper for AED8,000 on account. April 8. Paid by cash half of the outstanding amount from his supplies purchase. April 9. Yaser paid half of the outstanding amount. April 10. Paid in full the advertising invoice. TTT Arial 3(12pt Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All Answers Close Window Save and Submit
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