ase A Mr. Hamood, an architect, started to practice his profession in Ira on July 1, 2020. During the first month of operation, the following events and transactions occurred. July 1 - Invested OMR 20,000 cash to start his building design business July 2 - Purchased a car for cash OMR 7,000 to be used in the business. July 3 - Purchased from Sharaf DG computers and design equipment OMR 3,000, paying OMR 500 cash and the balance on account. July 4 - Paid for 6-month rent in advance OMR 1,200 July 10 - Paid a partial payment of OMR 1,000 to Sharaf DG on account for the purchases made on July 3 July 15 -Performed design services OMR 2,000, collected cash OMR 500 and the balance on account. July 20 - Paid advertising OMR 100. July 25 - Provided design services to customers for cash OMR 3.000. July 26 - Collected OMR 500 on account from customers previously billed last July 15. July 28 - Paid the following expenses for the month; electricity OMR 200, salary OMR 1,200 and utilities OMR 200 July 29 - Mr. Hamood withdraws OMR 600 from the company for her personal travel expenses. July 30 - Received a bill from mantel for internet expenses OMR 50. Required: 1. Journalize the above transactions in the General Journal 2. Post the journal entries to the General Ledger 3. Prepare the Trial Balance at the end of the month
Case A
Mr. Hamood, an architect, started to practice his profession
in Ira on July 1, 2020. During the first month of operation, the
following events and transactions occurred.
July 1 - Invested OMR 20,000 cash to start his building design
business
July 2 - Purchased a car for cash OMR 7,000 to be used in the
business.
July 3 - Purchased from Sharaf DG computers and design
equipment OMR 3,000, paying OMR 500 cash and the balance
on account.
July 4 - Paid for 6-month rent in advance OMR 1,200
July 10 - Paid a partial payment of OMR 1,000 to Sharaf DG on
account for the purchases made on July 3
July 15
-Performed design services OMR 2,000, collected cash
OMR 500 and the balance on account.
July 20 - Paid advertising OMR 100.
July 25 - Provided design services to customers for cash OMR
3.000.
July 26 - Collected OMR 500 on account from customers
previously billed last July 15.
July 28 - Paid the following expenses for the month; electricity
OMR 200, salary OMR 1,200 and utilities OMR 200
July 29 - Mr. Hamood withdraws OMR 600 from the company
for her personal travel expenses.
July 30 - Received a bill from mantel for internet expenses
OMR 50.
Required:
1. Journalize the above transactions in the General
Journal
2.
3. Prepare the
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