Question
Task 2: General Ledger (60 marks). Al Rushd Company has the following General Journal for the month of December 2021. As an accountant, you
Task 2: General Ledger (60 marks). Al Rushd Company has the following General Journal for the month of December 2021. As an accountant, you are required to transfer the transactions into the General Ledger accounts as given below. a. Cash e. furniture b. Capital f. van c. Loans payable d. Accounts Payable j. Salaries g. Accounts Receivable k. Equipment h. Sales 1. Rent i. Purchases Required to: prepare the separate ledger accounts and provide the totals and balances if available. Here are the General Journal entries. The amounts are in Omani Rial. Date December Particulars 2021 1 Cash Capital To record owner's capital invested in Business 3 Cash Loans Payable To record loan obtained from Sohar bank for the business Ref. Debit Credit 250,000 250,000 100,000 100,000 5 Furniture Cash To record purchase of furniture 7 Van Accounts Payable Principles of Accounting (BUSS B 1004) - Fall 21-CW 3- All -QP To record purchase of van on credit from Speed Car Company 9 Accounts Receivable Sales To record sales on credit to AlNoor company 11 Purchases Accounts payable To record purchase of goods on credit from Al Amri stores 12 Loans Payable Cash To record cash paid to Bank as part of loan repayment 13 Purchases Cash To record purchase of goods by cash 15 Equipment Cash To record purchase of equipment by cash 18 Rent Cash To record payment of rent by cash 20 MEC_AMO TEM_035_02 Cash 15,000 15,000 12,000 12,000 60,000 60,000 45,000 45,000 16,000 16,000 19,000 19,000 35,000 35,000 3,000 3,000 40,000 Page 3 of 15 Accounts Receivable Principles of Accounting (BUSS B 1004) - Fall 21-CW 3- All -QP To record cash received from AlNoor company 22 Accounts Payable Cash To record cash paid to Al Amri stores 25 Cash Accounts Receivable To record cash received from AlNoor company 27 Accounts Payable Cash To record cash paid to Al Amri stores 30 salaries Cash To record payment of salaries by cash 40,000 15,000 15,000 10,000 10,000 30,000 30,000 5,000 5,000
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