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Question: 1 Ahmed started Food Processing Company in Muscat in June 2020 (Ahmed Food LLC). During the month of June, several transactions occurred which are
Question: 1 Ahmed started Food Processing Company in Muscat in June 2020 (Ahmed Food LLC). During the month of June, several transactions occurred which are as follows: June 5. The owner started business OMR 50,000. June 8. Purchased a car for OMR 5,000 and paid 3,000 in cash and the remaining amount to be paid in the near future. June 10. Performed a service on account for OMR 2,700. June 13. Paid the remaining OMR 2,000 for the car bought on 8 June. June 18. Received cash OMR 2,700 for the service provided on 10 June. June 20. Purchased supplies for OMR 4,000 on account. June 24. Paid electricity bill OMR 250. June 25. Paid OMR 1,500 for the supplies bought on June 20. June 26. Paid water bill OMR 150 June 27. The owner withdrew OMR 600 for his personal use. June 28. Paid OMR 500 for office rent June 29. Paid telephone bill for OMR 70 Required: Prepare Journal Entries, Ledger Accounts and Trial Balance for Ahmed Food LLC as of June 30,2020
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