Question
pass journal entries please type the answer do not write in on paper. Date Amount (in RO) 2019 Jan 1 Opening Balances : Buildings A/C
pass journal entries
please type the answer do not write in on paper.
Date | Amount (in RO) | |
2019 | ||
Jan 1 | Opening Balances : Buildings A/C | 30,000 |
Furniture A/C | 15,000 | |
Cash A/C | 35,000 | |
Bank A/C | 17,500 | |
Al Khalid Product Company A/C ( Dr. Balance) | 9,000 | |
Bank overdraft | 12,500 | |
Capital A/C | ? | |
Jan 2 | Brought additional capital into the business | 40,000 |
Jan 31 | Deposited into bank | 10,000 |
Feb 1 | Purchased goods and paid by cheque | 4,000 |
Feb 2 | Purchased goods from Barka Industrial Company and got 5% trade discount | 12,000 |
Mar 1 | Cash Sales | 10,000 |
Mar 2 | Goods returned to Barka Industrial Company | 1,000 |
Mar 31 | Purchased Equipment from Al Qurm Engineering Company | 15,000 |
Apr 1 | Withdrew from bank for office use | 3,000 |
Apr 2 | Sold goods to Ruwi Industries | 15,000 |
May 1 | Paid Wages and Salaries | 3,000 |
May 2 | Goods returned by Ruwi Industries | 1,500 |
May 31 | Paid carriage inwards | 1,500 |
June 1 | Received Commission | 2,000 |
June 2 | Received from Ruwi Industries | 8,000 |
July 1 | Paid to Barka Industrial Company | 5,000 |
July 2 | Received from Al Khalid Product Company in full settlement | 8,700 |
July 31 | Paid to Barka Industrial Company in full settlement | 5,200 |
Aug 1 | Goods Distributed as free samples | 5,000 |
Aug 2 | Received a cheque from Ruwi Industries in full settlement | 5,000 |
Aug 31 | Goods taken by proprietor for personal use | 2,000 |
Sep 1 | Paid Telephone charges by cheque | 200 |
Sep 2 | Paid Rent | 1,000 |
Oct 1 | Paid for Fuel and Power | 500 |
Oct 31 | Purchased goods and paid by cheque | 9,500 |
Oct 31 | Purchased goods from Muscat Chemical Industries | 15,500 |
Oct 31 | Cash Sales | 25,000 |
Oct 31 | Sold goods to Al Naba Services | 25,000 |
Oct 31 | Purchased goods from Raya Industries Company | 8,000 |
Nov 1 | Cash withdrawn from bank by proprietor for personal use | 1,500 |
Nov 1 | Sold Machinery worth RO. 3250 for RO. 3000 | |
Nov 1 | Goods returned to Muscat Chemical Industries | 1,500 |
Nov 1 | Goods returned by Al Naba Services | 1,000 |
Nov 2 | Paid carriage on purchases | 150 |
Nov 2 | Withdrew from bank for office use | 2,500 |
Nov 2 | Brought additional capital into business | 50,000 |
Nov 2 | Received cash from Oman Packaging Factory for cash sale | 6,000 |
Nov 2 | Purchased Equipment worth | 11,500 |
Nov 2 | Paid Insurance on Office Building | 1,350 |
Nov 30 | Paid for fuel and Power | 950 |
Nov 30 | Goods taken by proprietor for personal use | 1,000 |
Nov 30 | Sold goods to L&T Industries | 14,800 |
Dec 1 | Advertisement expenses | 2,500 |
Dec 1 | Deposited into Bank | 15,000 |
Dec 31 | Received interest | 150 |
Dec 31 | Paid Electricity charges | 1,100 |
Paid Salaries and Wages through bank transfer | 2,500 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started