sct.edu.om V:11 UNIVERSITY OF TECHNOLOGY AND APPLIED SCIENCES (SALALAH COLLEGE OF TECHNOLOGY) Department of Business Studies BAAC1102/Principles of Accounting 1 Semester 1, 2020-2021/November 2020 Name:.. NO.. ..Sec.No........... ASSIGNMENT Marks ID Total: 15 1. The following transactions are taken from the books of Mr. Naushad for the month of August 2020. Aug 1 Mr. Naushad started the business by investing OMR 50,000 in Cash. 2 4 Purchased computers by cash OMR 6,000. The company purchased a car on credit to XYZ Automobile for OMR 25,000. Paid OMR 6 15,000 immediately and the balance will be paid in the future. The business paid for the insurance covering full year amount OMR 2,800 in advance. 14 Business provided services to customer by collecting cash OMR 5,000. 23 Mr. Naushad earned OMR 3,700 in revenue from the customer for service provided. Received OMR 2,000 the customer agreed to pay remaining amount later. use. 27 25 Mr. Naushad paid OMR 8,000 to XYZ Automobiles. Mr. Naushad paid the salary for his staff OMR 3,300. The business paid rent OMR 2,700 for the month of August 30 2019. 30 Received the balance cash OMR 1,700 from the customer who previously billed for the service provided and paid partially on 23 August 2020. 31 Mr. Naushad withdrawn cash OMR 250 for his personal Required: Prepare Journal Entries, Ledger Accounts and Unadjusted Trial Balance. Marks Allotment Journal: 6 Marks Solution: Journal Entries Date Account TiDe A OMRY Creat Amount OMR) Ledger The V:17 sct.edu.om sct.edu.om V:17 a Dr. Date Accoun Tile KRO Date Acce Dr. Date Acc Tile FRON Chate GRO a Dr. Date AccounTe OF KRO Date Acce IF a Dr. Date Acce FRO Date Acce F 20 Date Account Tile FRO Date AcTile xo Unadjusted Trial Balance Credi Debit Name of Account Balance OMR Balance OMR) De sct.edu.om Date Acc Tile UF RO Date Acce DUF RO De Cate C Account Tile LF RO Date Accom Tile ROY Dr. Date Accoum Tile D.N KRO Dute Account Tile De Date Account Tile RO Date Account Tile TRO DE Date Acc Tile IF RO Date Acce UF FRO V:17 Ledger De V:17 sct.edu.om Date AccuTe KRO Da Account Tile LF RO De Date Accent Tile F FRO Acne Tile JF RO Dr. Date Account Tile " RO Dane Account Tile RO Debit Name of Account Balance(OMR) Unadjusted Trial Balance Credit Balance(OMR) Total Page 1 of 7