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Directions: In the problem below, provide the details/data required. 1. Hareed Company accumulates the following adjustment data at December 31, 2020 Sr. # 1 Transactions

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Directions: In the problem below, provide the details/data required. 1. Hareed Company accumulates the following adjustment data at December 31, 2020 Sr. # 1 Transactions Commenced business with a Share Capital of BD 50,000 2 3 14 5 16 Discount received BD 25000 Purchase equipment BD 15000 Bought goods for cash BD 1700 Salary Paid BD 3000 Cash withdrawn BD 30000 Goods sold for cash BD 7500 Rent paid for the month of May BD 4500 Culture test fee received for student BD 6000 Paid to Mohammed BD 350 7 8 9 10 Required: Bought goods for Cas 5 Salary Paid BD 3000 6 Cash withdrawn BD 30000 7 Goods sold for cash BD 7500 8 Rent paid for the month of May BD 4500 Culture test fee received for student BD 6000 9 10 Paid to Mohammed BD 350 Required: Provide journal entries for each of the above transaction using general journal format.(10 Marks)

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