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Q2. Journalize the following transactions and post them into ledgers On 1 Jan 2019 Mr Ahmed started Business with cash OMR 50000 5 Th Jan

Q2. Journalize the following transactions and post them into ledgers

On 1 Jan 2019 Mr Ahmed started Business with cash OMR 50000

5Th Jan Purchased furniture for cash OMR 5000

7th Jan sold goods on credit OMR 3000

8th Jan Purchased goods on cash OMR 6000

10thJan Received cash from customers on credit sales OMR 3000

11th Jan purchased goods on credit OMR 5000 and paid OMR 2000 immediately.

15th Jan sold old furniture for cash OMR 2500

17th Jan paid remaining cash to accounts payables on 11th January credit purchases.

25th Jan paid salaries OMR 1500

27th Jan Paid office rent, factory cleaning charges and wages OMR 5000, OMR 100 and OMR 3000 respectively

29th Jan Received commission OMR 500

30th Jan Abdullah withdrawn cash for personal use OMR 2500

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