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
Assignment Question(s) Problem 1. Mr. Amjad started his Car Repair Business in Muscat in June 2020. During the month of June, the following transactions occurred: June ! 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 2 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 15, OMR 20,000. June 24 Received cash from the customer who was billed on June 6", 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
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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