Case - 1

After several years with a large accounting firm, Ahmed decided to establish his own accounting firm. The following transactions were completed during May 2020:

May 1. Started the business with OMR 25,000 cash.

5. Deposited OMR 10,000 to Bank Muscat.

8. Bought computers OMR 500 from E-Max, paid 40% and the balance on account.

10. Performed accounting services for clients, OMR 600, received 60% and the balance after two months.

15. Paid salaries of staff and rental of office space, OMR 1,800 and OMR 200, respectively.

18. Collected the one-half of the balance for the services performed on May 10.

24. Paid the 50% of the balance due to E-Max on the furniture bought on May 8.

28. Withdrew from Bank Muscat OMR 300 for personal use.

31. Billed Salem OMR 500 for accounting services rendered.

Question No.1

Prepare the journal entries to record the above transactions. Use the journal provided below. Explanations are required. Provide journal page.

Post the journal to the ledgers. Use the legers given. Provide Account Numbers.

Question No. 2

Using the same data in Case-1, prepare the unadjusted trial balance.