Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Journalize the following transactions in the books Mr. Omar and post them in ledger and prepare the trial balance and Financial Statement. August 1 Started

image text in transcribed

Journalize the following transactions in the books Mr. Omar and post them in ledger and prepare the trial balance and Financial Statement. August 1 Started business with Cash OMR August 3 Bought Computer for Cash OMR 15,000 August 5 Purchase goods for cash OMR 90,000 August 10 Bought goods from Mohammed on Credit OMR August 11 Paid Salary for OMR 2,000 August 12 Sold goods for Cash for OMR August 18 Sold goods to Mr. Ahmed OMR August 19 Paid cash to Mohammed OMR August 24 Received Cash from Ahmed OMR 5,000 August 30 Money drawn OMR 5,000 for personal use Journalize the following transactions in the books Mr. Omar and post them in ledger and prepare the trial balance and Financial Statement. August 1 Started business with Cash OMR August 3 Bought Computer for Cash OMR 15,000 August 5 Purchase goods for cash OMR 90,000 August 10 Bought goods from Mohammed on Credit OMR August 11 Paid Salary for OMR 2,000 August 12 Sold goods for Cash for OMR August 18 Sold goods to Mr. Ahmed OMR August 19 Paid cash to Mohammed OMR August 24 Received Cash from Ahmed OMR 5,000 August 30 Money drawn OMR 5,000 for personal use

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

Auditing Web Applications A Complete Guide

Authors: Gerardus Blokdyk

1st Edition

1038803721, 978-1038803726

Students also viewed these Accounting questions