Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please solve it in WORD decument i will rate your answer up Problem 1 . Mr. Abdul Raheem commenced Car repair business in Mu sana

please solve it in WORD decument
i will rate your answer up

Problem 1. Mr. Abdul Raheem commenced Car repair business in Musana. The following transactions took place during the month of March 2020:

March 1

Mr. Abdul Raheem invested OMR 278,000.

March 2

Purchased car by cash, OMR 19,000

March 3

Purchased Tools to Repair cars on account OMR 4,700.

March 6

Purchased equipment on account 8,000

March 7

Provided service to client for 5,000. The client paid OMR 1,500 immediately, and the remaining on account.

March 11

Provided service to a customer and collected cash OMR 10,000.

March 13

Mr. Abdul Raheem Purchased equipment by cash, OMR 17,000.

March 15

Purchased supplies by cash OMR 4,550.

March 21

Received cash from the customer who was billed on March 7th 2020

March 23

Received the electricity bill, OMR 120.

March 26

Received water bill, OMR 150.

March 31

Mr. Abdul Raheem Paid electricity bill received on March 23.

March 31

Mr. Abdul Raheem Paid water bill received on March 26.

March 31

Mr. Abdul Raheem Paid the rent of Workshop for the month of March OMR 1,000.

Prepare the unadjusted trial balance for Mr. Abdul Raheemas of March 31st 2020.

Required:

1. Prepare journal
2. Prepare ledger
3. Prepare unadjusted trial balance
image text in transcribed
Assignment Question(s) Problem 1. Mr. Abdul Raheem commenced Car repair business in Musana. The following transactions took place during the month of March 2020: March ! Mr. Abdul Raheem invested OMR 278,000. March 2 Purchased car by cash, OMR 19,000 March 3 Purchased Tools to Repair cars on account OMR 4,700. March 6 Purchased equipment on account 8,000 March 7 Provided service to client for 5,000. The client paid OMR 1,500 immediately, and the remaining on account. March 11 Provided service to a customer and collected cash OMR 10,000. March 13 Mr. Abdul Raheem Purchased equipment by cash, OMR 17,000 March 15 Purchased supplies by cash OMR 4,350. March 21 Received cash from the customer who was billed on March 7* 2020 March 23 Received the electricity bill, OMR 120. March 26 Received water bill, OMR 150. March 31 Mr. Abdul Raheem Paid electricity bill received on March 23. March 31 Mr. Abdul Raheem Paid water bill received on March 26. March 31 Mr. Abdul Raheem Paid the rent of Workshop for the month of March OMR 1.000 Prepare the unadjusted trial balance for Mr. Abdul Raheem as of March 31" 2020. Required: 1. Prepare journal 2. Prepare ledger 3. Prepare unadjusted trial balance ***End of Assignment**

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Basel III, The Devil And Global Banking

Authors: D. Chorafas

2nd Edition

0230353770, 9780230353770

More Books

Students also viewed these Accounting questions

Question

Do I have evidence for this statement?

Answered: 1 week ago

Question

14.4 Analyze in detail three basic causes of accidents.

Answered: 1 week ago