Question
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30th Jan Abdullah withdrawn cash for personal use OMR 2500
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