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Question-1: Required, Journalize these transactions in General Journal, Post these entries to the Ledger account, and Prepare the Trial Balance On 1 August 2015 the
Question-1: Required, Journalize these transactions in General Journal, Post these entries to the Ledger account, and Prepare the Trial Balance On 1 August 2015 the owners started their business with $ 250 000 deposited into the company's bank account. On 2 August the company received $200 000loan from the Sohar bank and deposited into the company bank account. On 3 August the company bought Furniture costs $ 150 000on credit. On 4 August the company bought Machines for $ 100 000 using cheque. On 5 August the company sold Furniture for $ 80 000 by cheque. On 6 August the company sold Machines for $ 60 000on credit. On 7 August the company paid Salaries $ 10 000 by cheque. On 8 August the company received Rent Revenue $ 18 000 by cheque. On 9th August the company bought Goods for $ 100 000on credit. On 10th the company bought Goods for $ 50 000 by cheque. On 11th the company sold Goods for $ 200 000 by cheque. On 12th the company sold Goods for $ 100 000on credit. On 13th the company paid Phone expenses for $ 15 000 by cheque. On 14th the company received Rent revenue $ 12 000 by cheque. On 15th the company paid Interest expenses $ 10 000 by cheque. On 16th the company received Service revenue $ 10 000Cash. On 17th the company received Interest revenue $ 15 000 by cheque. On 18th the company paid Rent Expenses $ 10 000 Cash. General Journal N.O Date Explanation Bank Capital Loan Furniture Creditors Machines Debtors Salaries Rent revenue Rent expenses Purchases Sales Phone expenses Interest expenses Services revenue Interest revenues Cash Trail Balance Account name Dr Cr End
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