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Mark Al-Khaled Trading Company for Office Furniture started on the first of September of the year 2011 with a capital of 25,000 dinars presented as

Mark Al-Khaled Trading Company for Office Furniture started on the first of September of the year 2011 with a capital of 25,000 dinars presented as follows: 12,000 dinars in the bank, 7,000 dinars in merchandise, 5,000 dinars in machinery, 3000 dinars in accounts receivable, 2000 in accounts payable. The company carried out the following operations during the month of September: On September 1, the company needed additional funds and borrowed an amount of 8000 dinars from Al-Quds Bank and placed half of it in the company's fund and the rest in the bank. On the 2nd of it, Khaled bought land for his personal use for 12,000 dinars, which he paid for in cash from his own money. On the 6th of it, the company agreed to sell Al-Ahmad Company merchandise (office furniture) for the amount of 4000 dinars, to be delivered after a week. Al-Ahmad Company paid 5% of the value of the agreed goods by check deposited by Khaled in the bank as an advance payment (a deposit). In and from him the company purchased goods from the Amir Company for the amount of 2000 dinars and paid half of it by check drawn on the bank and the rest on the account. On the 10th of it, the company sold goods to Al-Azzam Company for the amount of 2,200 dinars and got half of the amount through a check deposited in the bank and the rest on the account. On the 13th, the company delivered the agreed goods to Al-Ahmad Company and received the remaining amount by a check drawn on the bank. On the 17th, the owner of the company purchased a computer in the amount of 1,000 dinars in cash for his son from the companys funds. On the 25th, the owner of the company paid the rent of the office operated by the company in the amount of 400 dinars. cash from his own money. On the 30th of this month, the company paid the remaining debts owed by the company to the prince by a check drawn on the bank. Required: 1- Proving the daily entries for the above operations in the general journal of Al-Khalid Trading Company (40 marks) 2- Copying and crediting the bank account in the general ledger

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