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Exercise 1. Based on the transactions given below, complete the table that follows: 1 Jan 2 Jan 3 Jan 4 Jan 5 Jan 10
Exercise 1. Based on the transactions given below, complete the table that follows: 1 Jan 2 Jan 3 Jan 4 Jan 5 Jan 10 Jan 15 Jan 17 Jan 18 Jan 22 Jan 25 Jan 26 Jan 28 Jan Imran invested AED 12, 000 cash and some office equipment worth AED 10,000 into his new business. Purchased Office Supplies for cash AED 3,000. Purchased AED 12,000 worth of office equipment on credit. Paid insurance on the office equipment at AED 200 per month and paid for the whole year in cash. Placed an advertisement for the business in the Gulf News at a cost of AED 1,000 and paid cash. Completed work for a customer and received AED 9,000 cash. Paid for the office equipment purchased on January 3rd. Received AED 6,000 from a customer for work to be done in February. Completed work for a customer for AED 2,000. The customer promised to pay on some future date. Imran withdrew AED 3,000 cash for personal expenses. Paid salary to the secretary AED 2,000 in cash. Received full payment for work completed on January 18th Received an invoice for rent of the office for the month of January for AED 8,000. The invoice will be paid on 20 February.
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