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March 2021, 1 Mr. Hameed is the proprietor started business with (i) Cash 35,000 and (ii) Machinery 15,000 3 Purchased Building for OMR 20,000 and
March 2021, 1 | Mr. Hameed is the proprietor started business with (i) Cash 35,000 and (ii) Machinery 15,000 | |
3 | Purchased Building for OMR 20,000 and paid OMR 15,000 in cash and remaining amount to be paid soon | |
Borrow money from Bank Muscat | 5,000 | |
5 | Purchased goods for cash | 8,500 |
6 | Purchased a computer for office purposes | 300 |
7 | Cash Sales | 4,000 |
8 | Paid electricity expenses | 100 |
9 | Purchased stationery for office use | 80 |
10 | Purchased goods from XYZ Limited | 10,000 |
11 | Sold goods on credit from ABC LLC Saham | 10,000 |
12 | Paid telephone charge | 200 |
14 | Paid the remaining OMR 5,000 for the building bought on 3rd March | |
15 | Paid rent | 300 |
17 | Commission received | 600 |
22 | Sold goods to Mr. Ali Ibrahim for Cash | 6,000 |
25 | Paid Salary to Employees | 600 |
26 | Mr. Hameed withdraw cash for personal use | 500 |
REQUIRED TO PREPARE A. Journal Entries B. Ledger Accounts C. Trial Balance D. Income Statement and E. Balance Sheet
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