Question
On 1/1/2015 Yusef started his project with the following assets: (amounts in dinars) 5,000 funds - 2,000 goods - 2,500 banks - 1,500 debtors and
On 1/1/2015 Yusef started his project with the following assets: (amounts in dinars)
5,000 funds - 2,000 goods - 2,500 banks - 1,500 debtors and their obligations were: 3,500 loans - 1,000 creditors.
1 Youssef bought goods from Al-Nour Company for the amount of 2,200 dinars and paid 800 dinars of it in cash and the rest on an account. / At 4
1 Youssef sold a merchandise worth 1,600 dinars in cash, at a cost of 1,200 dinars. / At 8
1 Youssef bought furniture for the project for 1,000 dinars and paid it in cash from his own money. / At 13
1 Youssef appointed a secretary with a monthly salary of 150 dinars. / At 20
1 Youssef withdrew an item of 500 dinars from the project, which was estimated at cost. / At 25
1 Youssef paid 200 dinars for electricity expenses by check. / At 28
Required: Preparing the daily entries needed for the previous operations of Project Joseph.
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