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Second question: (61 marks) On 1/1/2021, Khaled opened Al Salam Eye Center. During the first month of his work, the following operations took place: -
Second question: (61 marks) On 1/1/2021, Khaled opened Al Salam Eye Center. During the first month of his work, the following operations took place: - On 1/1, 200,000 riyals were invested and deposited in the .bank as capital On 1/2 he paid the rent of 1 month of 10,000 riyals in cash On 1/3, devices and equipment for the clinic were purchased for 250,000 riyals, 10,000 - .riyals were paid in cash, and the rest is on the account On 1/4, an amount of 12,000 riyals was paid in cash, the value of the insurance for a year - On 1/10, the center ran an advertising campaign in Al Rabie magazine, and the value of - the ads amounted to 2000 riyals, which was paid in cash On 1/20, Khaled withdrew an amount of 7,000 riyals in cash, for the purposes of personal use On 1/31 the cash receipts resulting from the disclosure during the month amounted to 62,000 riyals On 1/31 the employees' salaries, amounting to 32,000 riyals, were paid in cash - Required 1. Making journal entries in the books of the Peace Center (20 degrees) - ) 2- Posting journal entries to the ledger, and the accounts balance (30 degrees) 3- Preparing the trial balance with balances for the financial period ending in (11)
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