Question
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:
- Prepare journal
- Prepare ledger
- Prepare unadjusted trial balance
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