Question
Problem 1 . Mr. Amjad started his Car Repair Business in Muscat in June 2020 . During the month of June , the following transactions
Problem 1. Mr. Amjad started his Car Repair Business in Muscat in June 2020. During the month of June, the following transactions occurred:
June 1 | Amjad opened the business by investing OMR 200,000. |
June 2 | Purchased Computers for OMR 2,500 and immediately paid OMR 2,000 cash and promised the supplier to pay the remaining amount in the future. |
June 5 | Purchased supplies on account for OMR 8,500. |
June 6 | Provided repair service to a customer, OMR 5,600. The customer paid OMR 2,000 and the remaining will be paid in the near future. |
June 10 | Paid the remaining amount of OMR 500 for the Computers bought June 2nd. |
June 15 | Provided repair service to a customer on account, OMR 20,000. |
June 16 | Purchased Computer Equipment by cash, OMR 9,000 |
June 23 | Received cash from the customer who was billed on June 15th, OMR 20,000. |
June 24 | Received cash from the customer who was billed on June 6th, OMR 3,600. |
June 30 | Paid the Internet bill OMR 150 |
June 30 | Amjad paid monthly rent, OMR 450. |
June 30 | Paid the Electricity bill, OMR 350 |
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