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The following entries are in the books of Ali Co. for the month of May,2021: 10th May : Establish the business with a capital of
The following entries are in the books of Ali Co. for the month of May,2021: 10th May : Establish the business with a capital of OMR 400,000. 12th May : Purchase Goods costed OMR 20,000. 13th May : Sold goods for OMR 6,000 on account to Mr. Adnan. 17th May : Purchase car costed OMR 10,000. 18th May : Withdraw an amount of OMR 1,000 for personal use. 19th May : Received OMR 1,000 from the client for goods sold on 13th May. 20th May : Bought goods for OMR 3,000 on account from Mr. Ahmed. 21th May : Paid OMR 2,000 for staff expenses. 22th May : Purchased building costed OMR 20,000 23th May : Sold goods for OMR 3,000 on account to Ali. Prepare trial balance
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