Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please solve this as soon as possible The following business transactions of Mr Hamed, a sole trader. Feb 2021 (1) Brought in cash of RO

please solve this as soon as possible
image text in transcribed
The following business transactions of Mr Hamed, a sole trader. Feb 2021 (1) Brought in cash of RO 50,000 to start up the business (3) Purchase of supplies on credit for RO 12000 and 5000 on cash from Ajmi trading (4) Paid salaries of RO 1200 (6) Sale of RO 1500 on credit to Kabil trading and for cash RO 5000 (9) Paid RO 8000 liability to the Ajmi trading (10) Collection of accounts receivable RO 600 from Kabil trading (15) Paid RO 3000 in cash to Purchase equipment (18) Withdraw of RO 100 for personal use (25) Paid advertisement of RO 200 You required to: a. Prepare Journal entries b. Post ledger accounts c. Trail balances Note: The formatting carries 2 marks. Page 2 of 2

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

More Books

Students also viewed these Accounting questions

Question

Did the researcher use triangulation?

Answered: 1 week ago

Question

Does your message use dishonest or misleading language?

Answered: 1 week ago

Question

Does your product/program have a descriptive and memorable name?

Answered: 1 week ago

Question

How could any of these nonverbal elements be made stronger?

Answered: 1 week ago