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Given below are the transactions related to Hamadan Enterprises for the month of March 2013. OMR Date Transactions March 2013, Mr. Hamdan is the proprietor
Given below are the transactions related to Hamadan Enterprises for the month of March 2013. OMR Date Transactions March 2013, Mr. Hamdan is the proprietor started business with 1 (1) Cash 150,000 and Machinery 100,000 3 Purchased Building for OMR 100,000 and paid OMR 75,000 in cash and remaining amount to be paid in the near future Borrow money from Bank Muscat 5 Purchased goods for cash 6 Purchased a computer for office purposes 7 Cash Sales 8 Paid electricity expenses 9 Purchased stationery for office use 10 Purchased goods from XYZ Limited 11 Sold goods on credit from ABC LLC Saham 12 Paid telephone charge 14 Paid the remaining OMR 25,000 for the building bought on 3rd March 15 Paid rent 17 Commission received 22 Sold goods to Mr. Ali Ibrahim for Cash 25 Paid Salary to Employees 26 Mr. Hamdan withdraw cash for personal use 25,000 42,500 1,500 20.000 500 400 50,000 50,000 1.000 1,500 3.000 30,000 3,000 2.500 REQUIRED TO PREPARE A. Journal Entries B. Ledger Accounts C. Trial Balance D. Income Statement and E. Balance Sheet
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