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help me with this By using Tally System. consider the below (instructions) to fulfil the following requirements: 1. You invested OMR60,000 cash along with office
help me with this
By using Tally System. consider the below (instructions) to fulfil the following requirements: 1. You invested OMR60,000 cash along with office equipment valued at OMR25,000 2. The company purchased land valued at OMR40,000 and a building valued at OMR 160,000 . The purchase is paid with OMR30,000 cash and a long-term note payable for OMR170,000. 3. The company purchased OMR2,000 of office supplies on credit. 4. You invested a personal automobile in the company. The automobile has a value of OMR 16,500 and is to be used exclusively in the business. 5. The company purchased OMR5,600 of additional office equipment on credit. 6. The company paid OMR1,800 cash salary to an assistant. 7. The company provided services to a client and collected OMR8,000 cash. 8. The company paid OMR635 cash for this month's utilities. 9. The company paid OMR2,000 cash to settle the account payable created in transaction 1 10. The company completed OMR6,250 of services for a client, who must pay within 30 days. 11. You withdrew OMR2,800 cash from the company for a personal use. 1- Establish a company own (decide the partners and their shares) 2- Obtain your own needed chart of accounts 3- Start the business in your company, by recording your journals and adjustments. 4- Prepare your financial statement, from the system Step by Step Solution
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