Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I have 30 m please help me Sohar Traders had the following transactions during the month of January 2020: You are required to prepare Journal

I have 30 m please help me
image text in transcribed
Sohar Traders had the following transactions during the month of January 2020: You are required to prepare Journal entry. 1st January 2020, the owner has invested OR. 65,000 cash in the business. 3rd January. Business obtains a bank loan of RO.4, 000 from bank Muscat 10th January. The business purchased machine worth RO.4, 000 from Muscat Traders LLC and paid cash. 15th January. The business performed a service to various customers and receives OR. 800 cash. 24th January. The business paid salaries to employees totalled OR.600 30th January. Owner of the business withdrawn cash of OMR 200 from the business for his personal use. (Marks 3) Maximum size for new files: 100MB

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Introduction To Accounting

Authors: Peter Scott

2nd Edition

0198849966, 978-0198849964

More Books

Students also viewed these Accounting questions