Question
Problem 2. Nasser established computer repair business in Alkhwair. The following transactions occurred during the month of February: (7.5 Marks) February 1 The owner invested
Problem 2. Nasser established computer repair business in Alkhwair. The following transactions occurred during the month of February: (7.5 Marks) February 1 The owner invested OMR 48,000. February 2 Purchased two computers by cash, OMR 700 February 3 Purchased supplies on account OMR 4,700. February 6 Purchased equipment on account 8,000 February 8 Provided service to client for 500. The client paid OMR 150, and the remaining on account. February 11 Provided service to a customer and collected cash OMR 1,000. February 13 Purchased equipment by cash, OMR 7,000. February 16 Purchased supplies by cash OMR 4,500. February 19 Received cash from the customer who was billed on February 8, OMR 350 February 22 Received the electricity bill, OMR 70. February 25 Received Telephone bill, OMR 50. February 27 Paid electricity bill received on February 22. February 28 Paid telephone bill received on February 25. February 28 Paid the rent of the month, OMR 400. Prepare the unadjusted trial balance for Nasser as of February 28th 2018. Required: 1. Prepare journal (6 Marks) 2. Prepare ledger (8 Marks) 3. Prepare unadjusted trial balance (1 Marks)
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