Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

i need full answers in tables please D Prepare a trial balance for A company based on the following accounts: Account Amount Cash 250000 Notes

i need full answers in tables please
image text in transcribed
image text in transcribed
image text in transcribed
D Prepare a trial balance for A company based on the following accounts: Account Amount Cash 250000 Notes payable 50000 Capital 1000000 Petty cash 15000 Accrued rent payable 15000 Retained earnings ? Prepaid rent 55000 Accrued salaries 35000 sales 850000 Goodwill 80000 Furniture 120000 Equipment 90000 Loan 70000 Bank 350000 Buildings 250000 Organization cost ? Revenues Prepare a general journal for Makkah trading and industry co. based on the following transactions which occurred during the second quarter of last year. 1. Started its activity with a capital of 4 million riyals deposited in Jazeera bank. 03/03 2- Purchased a building for SR. 2,500,000 in bank 07/03 3- Purchased goods from Al-Emad on credit for SR. 35,000 09/03 4- Cash withdrawn from bank SR. 250,500 12/03 5. Paid salaries SR. 70,000 (cash) 15/03 6- Cash sales SR. 25,000 15/03 7- Sold goods to gas coon credit for SR.250,000 22/03 expenses capital liabilities revenues business started assets +6,000000 (bank) 6,000,000 1 +6,000,000 capital) 6,000,000 equation payment of salaries 75000/bank) 2 equation payment of rent 45000/bank) 3 equation Loan from Rlyadband 1500000 4 equation purchased equipment cash 75000 5 equation Bought goods bank 250000 6 equation Sales cash to ASD CO 700000 7 equation Sales on account to nagsco 300000 equation The accounting equation after the last transaction is still in balance: Assets Expenses Capital Liabilities

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_2

Step: 3

blur-text-image_3

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

Analytical Corporate Finance

Authors: Angelo Corelli

1st Edition

3319395483, 9783319395487

More Books

Students also viewed these Accounting questions

Question

What do you think you will bring to the organization?

Answered: 1 week ago