Write Journal entries of the following transactions with narrations Solve any 15 transactions only On April 01, 2021 Ahmed started the business with AED 100,000 and other transactions for the month are April 2 Purchase Furniture for Cash AED 7,000 April 8 Purchase Goods for Cash AED 2,000 and for Credit AED 1,000 from Khalid Retail Store April 14 Sold Goods to Khan Brothers AED 12,000 and Cash Sales AED 5,000 April 18 Owner withdrew of worth AED 2,000 for personal use April 22 Paid Khalid Retail Store AED 500 April 26 Received AED 10,000 from Khan Brothers April 30 Paid Salaries Expense AED 2,000 May 04 Paid AED 3,000 cash for an insurance policy covering the next 24 months May 07 Services are performed and clients are billed for AED 10,000 May 13 Purchased office supplies for AED 1,400 Cash paid AED 400 and remaining outstanding May 20 Received AED 2,000 cash in photography fees earned previously May 24 The client immediately pays AED 15,000 for services to be performed at a later date May 29 The business acquires photography equipment The purchase price is AED 100,000, pays AED 25,000 cash and signs a note for the balance June He started the business with a capital of AED 15,000 and Land worth AED 10,000 June Bought goods from Bilal and Friends AED 1,000 and by cash from XYZ Co AED 2,000 June Sold goods to Rehman sons AED 1,500 and sale by cash AED 5,000 June Gave away charity of cash AED 50 and merchandising worth AED 30 June Paid Bilal and Friends cash AED 975 discount received AED 25 June Received cash from Rehman Sons AED 1,450 allowed him a discount of AED 50 July Loan was taken from Habib Bank Ltd of AED 25,000 AED 20,000 withdrawn for business and remaining in the bank a c July Paid rent for the month of August AED 4,400 and accrued rent expenses were AED 600 July At the request of ADNIC Insurance, Inc , made repairs on a boat of Jon Seaways Sent bill for AED 5,620 for services rendered to ADNIC Insurance Inc (credit Repair Service Revenue) July Made repairs to the boat of Dennis Copper and collected in full the charge of AED 2,830 July Placed Advertisement in The Dawn of AED 165, payment to be made within 30 days July 25 Received a cheque for AED 5,620 from Kiwi Insurance Inc representing a collection of the receivable of August 12 July Sent cheque to The Dawn in payment of the liability incurred on August 20 August 1 , Purchased from Kareem goods of the list price of AED 6,000 subject to 10 trade discount by cash August Sold goods to Din Muhammad AED 800 and cash sales of AED 200 August Distributed goods worth AED 200 as free samples and goods were taken away by the proprietor for personal use AED 100

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Write Journal entries of the following transactions with narrations. Solve any 15 transactions only. On April 01, 2021 Ahmed started the business with AED 100,000

Write Journal entries of the following transactions with narrations.

Solve any 15 transactions only.

On April 01, 2021Ahmed started the business with AED 100,000 and other transactions for the month are:
April 2. Purchase Furniture for Cash AED 7,000.
April 8. Purchase Goods for Cash AED 2,000 and for Credit AED 1,000 from Khalid Retail Store.
April 14. Sold Goods to Khan Brothers AED 12,000 and Cash Sales AED 5,000.
April 18. Owner withdrew of worth AED 2,000 for personal use.
April 22. Paid Khalid Retail Store AED 500.
April 26. Received AED 10,000 from Khan Brothers.
April 30. Paid Salaries Expense AED 2,000.
May 04: Paid AED 3,000 cash for an insurance policy covering the next 24 months.
May 07: Services are performed and clients are billed for AED 10,000.
May 13:Purchased office supplies for AED 1,400. Cash paid AED 400 and remaining outstanding.
May 20: Received AED 2,000 cash in photography fees earned previously.
May 24: The client immediately pays AED 15,000 for services to be performed at a later date.
May 29: The business acquires photography equipment. The purchase price is AED 100,000, pays AED 25,000 cash and signs a note for the balance.
June He started the business with a capital of AED 15,000 and Land worth AED 10,000
June Bought goods from Bilal and Friends AED 1,000 and by cash from XYZ Co. AED 2,000.
June Sold goods to Rehman & sons AED 1,500 and sale by cash AED 5,000.
June Gave away charity of cash AED 50 and merchandising worth AED 30.
June Paid Bilal and Friends cash AED 975; discount received AED 25.
June Received cash from Rehman & Sons AED 1,450; allowed him a discount of AED 50.
July Loan was taken from Habib Bank Ltd. of AED 25,000. AED 20,000 withdrawn for business and remaining in the bank a/c.
July Paid rent for the month of August AED 4,400 and accrued rent expenses were AED 600.
July At the request of ADNIC Insurance, Inc., made repairs on a boat of Jon Seaways. Sent bill for AED 5,620 for services rendered to ADNIC Insurance Inc. (credit Repair Service Revenue).
July Made repairs to the boat of Dennis Copper and collected in full the charge of AED 2,830.
July Placed Advertisement in The Dawn of AED 165, payment to be made within 30 days.
July 25. Received a cheque for AED 5,620 from Kiwi Insurance Inc. representing a collection of the receivable of August 12.
July Sent cheque to The Dawn in payment of the liability incurred on August 20.
August 1, Purchased from Kareem goods of the list price of AED 6,000 subject to 10% trade discount by cash.
August Sold goods to Din Muhammad AED 800 and cash sales of AED 200.
August Distributed goods worth AED 200 as free samples and goods were taken away by the proprietor for personal use AED 100.