Dubai Women's Campus BUS 1503 Accounting for Managers Preparing Journal entries, Posting to Ledger & Preparing a Trial Balance Demonstration Example: M. Ali graduated from College and opened a Management consultancy firm called "Insight Consultancy services to provide training for various firms in Dubai Following are some of the transactions that took place in the first month of operations GOS C D 2010 DO Jan 1 Invested AED 50,000 cash and a personal computer worth AED 5,000 into the business cat Jan 3 Purchased office furniture for AED 4,000 on credit from Modern Furniture traders Jan 4 Purchased Office Supplies for AED 2,000 cash Jan 5 Paid Rent for office space AED 12,000 for the whole year. We Jan 6 Paid AED 500 for an advertisement which appeared in "Khaleej Times announcing the opening of the business. Jan 7 Paid Insurance premium of AED 1.200 for a Fire insurance policy which is valid until Dec 31, 2008 De CHEATS Jan 10 Billed a client Ms. Aisha for AED 5,000 for a seminar conducted on Jan 8 Ms. Alsha is expected to pay at the end of the months C Jan 11 Bought office supplies on credit from Ahmed Brothers for Dh 500 Deal Jan 15 Received cash AED 10,000 from Orion Trading company for a training program to be conducted in early February Jan 17 Paid Modern Furniture Traders the amount owed AVALDO Jan 20 Received cash from Ms. Aisha for services performed earlier e. A Jan 22 Biled a client Mr. Omar for consultancy services rendered AED 5.500 DO V N 4 KH - CN + Jan 25 Received a telephone bill for AED 1.500 RO Cavale Jan 29 Withdrew AED 2,000 from the bank for personal use. Es Jan 30 Paid Salaries to employees AED 4.800 for the month PERA as arount Deus credit 2