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Please solve by JUST using the accounts that are affected by and the format as mentioned in the example below FOR EXAMPLE: DATE - ACCOUNTS
Please solve by JUST using the accounts that are affected by and the format as mentioned in the example below
FOR EXAMPLE:
DATE - ACCOUNTS AFFECTED - INCREASE/DECREASE - DEBIT/CREDIT
Dubai Women's Campus BUS 1503 Accounting for Managers Exercise 1 Based on the transactions given below, complete the table that follows: 1 Jan | Imran invested AED 12,000 cash and some office equipment worth AED 10, 000 into his new business. 2 Jan Purchased Office Supplies for cash AED 3,000. 3 Jan Purchased AED 12,000 worth of office equipment on credit. 4 Jan Paid insurance on the office equipment at AED 200 per month and paid for the whole year in cash. 5 Jan Placed an advertisement for the business in the Gulf News at a cost of AED 1,000 and paid cash. 10 Jan Completed work for a customer and received AED 9,000 cash. 15 Jan Paid for the office equipment purchased on January 30, 17 Jan Received AED 6,000 from a customer for work to be done in February 18 Jan Completed work for a customer for AED 2,000. The customer promised to pay on some future date. vhornece hem 22 Jan Imran withdrew AED 3,000 cash for personal expenses. 25 Jan Paid salary to the secretary AED 2,000 in cash. 26 Jan Received full payment for work completed on January 18th revenue 28 Jan Received an invoice for rent of the office for the month of January for AED 8,000. The invoice will be paid on 20 FebruaryStep by Step Solution
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