Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Solve the following problems Ahmed Al Harbl is a financial planning consultant. He completed the following transactions during the month of April of the current
Solve the following problems Ahmed Al Harbl is a financial planning consultant. He completed the following transactions during the month of April of the current year: April 1. Invested cash in the business, OMR 25.000 7 Purchased computer OMR 450 from E-Max, paid 60% and the balance after 15 days. 12 Received OMR 100 from a client for services rendered 15. Paid rental of office space, OMR 125 and salaries of staff, OMR 1,500 18. Bought office supplies on Account, OMR 50. 24. Purchased a second hand computer on account OMR 150. 28. Rendered services to clients OMR 250, received 60% and the balances on credit. 29. Withdrew OMR230 for personal use. 30. Paid the balance to E-Max on the purchase made on April 7. Question No. 1 Prepare the journal entries to record the above transactions. Use the journal provided below. Explanations are required and provide journal page number 15 marks) Post the journal entries to the ledgers. Use the ledgers gives. Provide Account Numbers. Show the balances bild and ed in the appropriate places. (marks) Question No. 2 Using the same data in Case -1, prepare the unadjusted trial balance. (5 marks) Journal Entries
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started