Question
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
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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