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code Questioni 20 Marks On 19 of August 2010 then their business with RO 30 000 deposited into the compact On ze August the company received RO20 000 a loan from the Dhofar bank and deposited into its bank account On of August the company wpl Equipment Cost R.O? De 4 of August the company bought Building coses RO 10.000 by chaque On sof August the company of ILO 200 ty De of August the company Building for R.O 3 756 On 7 of August the company and Sales RO 1 250 by cheque O of August the company RR.O 2500 by chaque Oer of August the company paid Meem RO 3 000 by choy De 10 of Aupast the company recome RO On 11 of August the company was for RO 1200 Os 12 of August the company old goods RO 2000 by cheque Required, juliether worsal Marko Post the tries to Ledger Marks Prepare the Trial Balance Merkel Prepare trading Mall Profit and less account | Markal Balance Sheet Mark Closing to as RO 12 General Bank Capital Loa Credits Equipment Creditors Building Debtors Salaris Interest Sales Purchase Renters Trial Balance Trading Account On 500 on credit. Question 1: 120 Marks On 1" of August 2010 the owners started their business with R.O 30 000 deposited into the company's bank account. 2nd August the company received R.O 20 000 a loan from the Dhofar bank and deposited into its bank account On 3 of August the company bought Equipment cost R.O 7 On 4" of August the company bought Building costs R.O 10 000 by cheque On s' of August the company sold Equipment for R.O 2 500 by cheque. On 6 of August the company sold Building for R.O 3 750 on credit. On 7 of August the company paid Salaries R.O 1 250 by cheque On gh of August the company received Rent revenue R.O 2 500 by cheque. On 9 of August the company paid Phone expenses R.O 3 000 by cheque. On 10 of August the company received Interest revenue R.O 3 750 by cheque On 11th of August the company bought goods for R.O 12 500 on credit. On 12 of August the company sold goods for R.O 25 000 by cheque. Required, journalize these transactions in General Journal. [4 Marks Post the entries to Ledger account |4 Marks Prepare the Trial Balance. [3 Marks/ Prepare trading account, 13 Marks Profit and loss account (3 Marks Balance Sheet. [3 Marks/ Closing stock was R.O 12 500 General Journal N.o Date explanation 2 4 5 6 7 10 12 On 500 on credit. Question 1: 120 Marks On 1" of August 2010 the owners started their business with R.O 30 000 deposited into the company's bank account. 2nd August the company received R.O 20 000 a loan from the Dhofar bank and deposited into its bank account On 3 of August the company bought Equipment cost R.O 7 On 4" of August the company bought Building costs R.O 10 000 by cheque On s' of August the company sold Equipment for R.O 2 500 by cheque. On 6 of August the company sold Building for R.O 3 750 on credit. On 7 of August the company paid Salaries R.O 1 250 by cheque On gh of August the company received Rent revenue R.O 2 500 by cheque. On 9 of August the company paid Phone expenses R.O 3 000 by cheque. On 10 of August the company received Interest revenue R.O 3 750 by cheque On 11th of August the company bought goods for R.O 12 500 on credit. On 12 of August the company sold goods for R.O 25 000 by cheque. Required, journalize these transactions in General Journal. [4 Marks Post the entries to Ledger account |4 Marks Prepare the Trial Balance. [3 Marks/ Prepare trading account, 13 Marks Profit and loss account (3 Marks Balance Sheet. [3 Marks/ Closing stock was R.O 12 500 General Journal N.o Date explanation 2 4 5 6 7 10 12