Question
Dubai Airports had the following transactions in July 2024. Prepare the general ledger accounts: Date Transaction Description Debit (AED) Credit (AED) 07/01/2024 Payment for maintenance
Dubai Airports had the following transactions in July 2024. Prepare the general ledger accounts:
Date | Transaction Description | Debit (AED) | Credit (AED) |
07/01/2024 | Payment for maintenance services | 30,000 | |
07/10/2024 | Revenue from duty-free sales | 150,000 | |
07/20/2024 | Purchase of airport equipment | 100,000 | |
07/25/2024 | Receipt of concession fees | 80,000 |
Determine the ending balances for Accounts Receivable, Maintenance Expense, and Revenue.
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Governmental and Nonprofit Accounting
Authors: Robert Freeman, Craig Shoulders, Gregory Allison, Robert Smi
10th edition
132751267, 978-0132751261
