Answered step by step
Verified Expert Solution
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
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
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