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Ms. Latifa started her own nutrition consultancy called Dr. Nutrition Inc. Following is the chart of accounts for the month of January 2020. Latifa, withdrawal

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Ms. Latifa started her own nutrition consultancy called Dr. Nutrition Inc. Following is the chart of accounts for the month of January 2020. Latifa, withdrawal Latifa, capital Office equipment Cash Note payable Accounts receivable Consultancy fees earned Prepaid rent Required: Using the template provided below (you should copy (Ctrl-c) and paste (Ctrl-v) it into your answer area), prepare Journal entries to record the transactions given below. Jan. 1 Latifa invested cash AED 250,000 and equipment of AED 10,000 to start the clinic 2 Purchased medical equipment for AED 25,600. Paid cash AED 15,000 and gave note payable for the remaining amount 8 Paid 12 months rent of AED 80,000 for the clinic 10 Provided nutrition advise to ABC Company managers, AED 15,825 on account 18 Received payment in full from ABC Company for the service provided on January 10th 20 Paid the balance due on note payable in transaction (2) 27 Latifa withdrew AED 12,600 cash from the clinic for personal use

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