Question
Business Transaction for (Sugar Confectionary) for Month June 2020. June 1: Invested 100,000 Dhs cash in his new business. June 2: Purchase equipment for 20,000
Business Transaction for (Sugar Confectionary) for Month June 2020.
June 1: Invested 100,000 Dhs cash in his new business.
June 2: Purchase equipment for 20,000 Dhs by cash used in making sweets.
June4: Purchase supplies on account, 1500 Dhs.
June6: Paid rent expenses for the month 3200 Dhs.
June 7: Received 1500 Dhs from a customer for performing catering services
June8: Paid DEWA Bill by cash for 1200 Dhs.
June 9: Paid 350 Dhs for advertising in next months for AD magazine.
June 10: Purchase raw material (flour, egg, milk) from a local supplier and paid by cash 7350 Dhs.
June 11: Purchase a coffee machine on account for 2700 Dhs.
June 12: Paid salaries expenses for the employees for 5000 Dhs by cash.
June 13: Withdraw cash for personal use 780 Dhs.
June 17: Perform a catering service for a birthday party and billed the customer for 7000 Dhs.
June 18: Receives 7000 Dhs by cash from the customer for the catering service rendered.
June 19: Paid telephone bill cash, 350 Dhs,
June 21: Purchased a motorcycle used for delivery for 3200 Dhs.
June 22: Paid insurance for the next month by cash 1300 Dhs.
June 24: Paid by cash 300 Dhs for the supplies bought on June 4
June 25: Hire a new accountant to help in preparing the financial reports
June 27: Purchase supplies (furniture and fitting) for the restaurant on account, 3700 Dhs.
June 30: Paid by cash for fruits and chocolate used in making sweets.
Prepare the assets and liabilities and owner equity tabular analysis.
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