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Ahmed Mansoori opened a new Mobile services shop, Mansoori Tech, on November 1, 2019. The following is the chart of accounts for the month of
Ahmed Mansoori opened a new Mobile services shop, Mansoori Tech, on November 1, 2019. The following is the chart of accounts for the month of November. CHART OF ACCOUNTS Ahmed Withdrawals Accounts Receivable Ahmed, capital Equipment Cash Accounts Payable Gasoline Expense Unearned Revenues Wages Expense Prepaid Insurance Service Revenue Required: Using the template provided below, prepare journal entries to record the transactions given below. (22 marks) Nov. 1 Ahmed started business by investing cash AED 30,000 and equipment AED 13,000. Nov. 2 Paid AED 3,870 for a 6 months insurance policy on the repair shop Nov. 4 Purchased a car wash equipment for AED 14,000 and paid cash AED 10,000. The Balance was on account. Nov. 8 Received AED 3,400 from customers for repairs services to be performed over next 15 days Nov. 13 Performed services AED 1,200 and sent bill to customer Nov. 15 Collected cash of AED 800 for services billed in transaction on November 13 Nov. 16 Paid AED 2,500 for the transaction on November 4 Nov. 20 Paid gasoline expense AED 870 Nov. 21 Ahmed withdrew AED 1,230 to pay his personal utility bill Nov. 30 Paid wages to workers AED 3,850 Use the table below to answer the
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