Question
Journalize the following transactions in the books of Mr. Amar who commenced the business with cash OMR 300,000 on 1 st march 2020 and post
Journalize the following transactions in the books of Mr. Amar who commenced the business with cash OMR 300,000 on 1st march 2020 and post them in the Ledger and prepare the trial balance.
2020
March 2 Bought goods for cash RO 75,000
March 2 Sold goods for cash RO 50,000
March 3 Bought goods for credit from Mr. Ali RO 19,000
March 5 Sold goods on credit to Mr. Robert RO 8,000
March 7 Received from Mr. Robert RO 6100
March 9 Paid to Mr. Ali RO 5000
March 20 Bought furniture for cash RO 7000
March 22 Paid wages RO 150
March 25 Paid rent RO 50
March 30 Paid electricity bill RO 150
I hope to clarify the solution steps in tables
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