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Question 2. Prepare journal entries, T ledger accounts and a trial balance for the below given transactions. (40 marks) Ms. Aisha started a consultancy business

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Question 2. Prepare journal entries, T ledger accounts and a trial balance for the below given transactions. (40 marks) Ms. Aisha started a consultancy business in October 2019 and has following transactions in first month of her business. Oct. 1 Invested AED 100,000 cash into the business. Oct.9 Purchased office equipment for AED 15,000 on credit. (ered Purchased Office supplies for AED 1.500 by paying cash. (cash) Provided consultancy services on cash $9.500 Oct.12 Oct.15 Oct.20 Oct. 22 Paid for equipment purchased on March 9 Withdrew AED 5,000 from the bank least oct. 25 Provided services to a client on credit $6,000 (cvet) received a telephone bill for AED 2,000 (La ) Oct. 30 Oct. 31 Paid salaries to employees AED 6,000 for the month. (cash) Ref# Debit Credit 100,000 Date Description oct1 invested look cash into business locta Purchased office equipment oct 12 Purchased office supplies oct is provided consultancy service oct 20 paid for oct a equipment loct 22 withdrew from the bank oct 25 Provide services to client oct 30 telephone bill oct 31 Paid salaries to employees ISOD 9500 15000 5000 Gooo 2000 6000 | Account name: ------ Account name: Account name: Account name: --- Account name

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