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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.

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 Raheem as of March 31st 2020.

Required:

  1. Prepare journal
  2. Prepare ledger
  3. Prepare unadjusted trial balance

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