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Given below are the transactions related to Omar Enterprises for the month of March 2015. Date Transactions OMR March 2015, 1 Mr. Omar is the

Given below are the transactions related to Omar Enterprises for the month of March 2015.

Date

Transactions

OMR

March 2015, 1

Mr. Omar is the proprietor started business with (i) cash 150,000 and (ii) Machinery 50,000

3

Purchased Building for OMR 80,000 and paid OMR 50,000 in cash and remaining amount to be paid in the near future

Borrow money from Bank Muscat

20,000

5

Purchased goods for cash

34,000

6

Purchased a computer for office purposes

1,200

7

Cash Sales

16,000

8

Paid electricity expenses

400

9

Purchased stationery for office use

320

10

Purchased goods from XYZ Limited

40,000

11

Sold goods on credit from ABC LLC Saham

40,000

12

Paid telephone charge

800

14

Paid the remaining OMR 30,000 for the building bought on 3rd March

15

Paid rent

1,200

17

Commission received

2,400

22

Sold goods to Mr. Ali Ibrahim for Cash

24,000

25

Paid Salary to Employees

2,400

26

Mr. Omar withdraw cash for personal use

2,000

REQUIRED

  1. Journal entries
  2. Ledgers
  3. Trial Balance
  4. Income statement
  5. Balance Sheet

    Given below are the transactions related to Omar Enterprises for the month of March 2015.

    Date

    Transactions

    OMR

    March 2015, 1

    Mr. Omar is the proprietor started business with (i) cash 150,000 and (ii) Machinery 50,000

    3

    Purchased Building for OMR 80,000 and paid OMR 50,000 in cash and remaining amount to be paid in the near future

    Borrow money from Bank Muscat

    20,000

    5

    Purchased goods for cash

    34,000

    6

    Purchased a computer for office purposes

    1,200

    7

    Cash Sales

    16,000

    8

    Paid electricity expenses

    400

    9

    Purchased stationery for office use

    320

    10

    Purchased goods from XYZ Limited

    40,000

    11

    Sold goods on credit from ABC LLC Saham

    40,000

    12

    Paid telephone charge

    800

    14

    Paid the remaining OMR 30,000 for the building bought on 3rd March

    15

    Paid rent

    1,200

    17

    Commission received

    2,400

    22

    Sold goods to Mr. Ali Ibrahim for Cash

    24,000

    25

    Paid Salary to Employees

    2,400

    26

    Mr. Omar withdraw cash for personal use

    2,000

    REQUIRED

  6. Journal entries
  7. Ledgers
  8. Trial Balance
  9. Income statement
  10. Balance Sheet

    Given below are the transactions related to Omar Enterprises for the month of March 2015.

    Date

    Transactions

    OMR

    March 2015, 1

    Mr. Omar is the proprietor started business with (i) cash 150,000 and (ii) Machinery 50,000

    3

    Purchased Building for OMR 80,000 and paid OMR 50,000 in cash and remaining amount to be paid in the near future

    Borrow money from Bank Muscat

    20,000

    5

    Purchased goods for cash

    34,000

    6

    Purchased a computer for office purposes

    1,200

    7

    Cash Sales

    16,000

    8

    Paid electricity expenses

    400

    9

    Purchased stationery for office use

    320

    10

    Purchased goods from XYZ Limited

    40,000

    11

    Sold goods on credit from ABC LLC Saham

    40,000

    12

    Paid telephone charge

    800

    14

    Paid the remaining OMR 30,000 for the building bought on 3rd March

    15

    Paid rent

    1,200

    17

    Commission received

    2,400

    22

    Sold goods to Mr. Ali Ibrahim for Cash

    24,000

    25

    Paid Salary to Employees

    2,400

    26

    Mr. Omar withdraw cash for personal use

    2,000

    REQUIRED

  11. Journal entries
  12. Ledgers
  13. Trial Balance
  14. Income statement
  15. Balance Sheet

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