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Q3- Subway Pet Shop provides the following information: Date 2021 January 1 a) Transactions At the beginning of 1 January, the downtown bookshop had
Q3- Subway Pet Shop provides the following information: Date 2021 January 1 a) Transactions At the beginning of 1 January, the downtown bookshop had OMR 3,600 in the bank. During 1 January 2021, downtown bookshop had the following receipts and payments. Cash sale OMR 320 Payment from credit customer Mr. Ahmed OMR 1,600 Cheque received from Jasim OMR7,200 to provide a short-term loan Cash received for the sale of equipment OMR 800 b) c) Payment from credit customer Mr. Ali OMR 2,880 d) e) f) Payment to supplier Mr. Musaab OMR 480 g) Payment of electricity bill OMR 1,600 h) Payment of water bill OMR 1,120 j) Payment of OMR 6,000 to Ms. Sara for a new building You are required prepare: i) Cash Receipt Journal ii) Cash Payment Journal (4 marks) (3 marks)
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