Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The following transactions are taken from the books of Ahmed's Laundry Services for the month of November 2 0 2 2 . Nov. 3 Mr

image text in transcribed
The following transactions are taken from the books of Ahmed's Laundry Services for the month of November 2022.
Nov. 3 Mr. Ahmed started Laundry Services business by investing OMR 52,------(add the last three digit of your ID number) in Cash.
5 Purchased Machinery on credit from VK Tools & Machine OMR 2,915.
6 The business purchased furniture from KML furniture store for OMR 1,905. Paid OMR 1,510 immediately and agreed to pay the balance in the near future.
8 Paid for insurance covering full year amount OMR 600
11 Business provided services to customer OMR 1,430 and received cash OMR 1,230 and the customer agreed to pay the remaining amount in one month.
21 Business earned OMR 1,900 in revenue in cash from customers for service provided.
26 Balance paid to KML furniture store for the furniture purchased on 6th November 2022.
29 Paid the Electricity expenses OMR 220.
30 Staff salary paid for the month November 2022 OMR 2,600
30 Received the balance cash from the customer who previously billed for the service provided on 11th November 2022.
30 Mr. Ahmed withdrawn cash OMR 1400 from the business for personal use.
Required: Prepare Journal Entries, Ledger Accounts and Unadjusted Trial Balance.
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Horngrens Accounting

Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann L. Johnston, Peter R. Norwood

10th Canadian edition Volume 2

978-0134213118, 134213114, 133855384, Google Book, 978-0133855388

More Books

Students also viewed these Accounting questions

Question

List seven guidelines for creating good Web sites.

Answered: 1 week ago