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Kamel decides to open a Supermarket shop, On 1 January 2022, he invests $50,000 cash in the business, which he names Al Aqsa, on 5

Kamel decides to open a Supermarket shop, On 1 January 2022, he invests $50,000 cash in the business, which he names Al Aqsa, on 5 January Al Aqsa purchases equipment for $12,000 cash, On 10 January Al Aqsa purchases supplies expected to last for several months for $4,200 from Global Supply Company named (KMG) and Company agrees to allow Al Aqsa to pay this bill after 3 months in April, On 15 January Al Aqsa receives $3,000 cash from customers for goods it has sold. Al Aqsa receives a bill for $600 from the water company but postpones payment of the bill until a later date. On 20 January Al Aqsa provides $6,000 of goods for customers, where was about Cash of $2,500 is received from customers, and the balance of $3,500 is billed on the account. On 30 January Al Aqsa paid expenses in cash for store rent, $900. On 25 February Al Aqsa pays its $750 water bill in cash. On 25 February the sum of $2,000 in cash is received from customers who have previously been billed for goods on 20 January. On 30 February Mohammad withdraws $1,000 in cash from the business for his personal use.

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