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Assignment # 02 The following transactions occurred for a company in 2021: 1- The company started its business by depositing 200000 SR in cash 2- On 3/1 purchased furniture for 45000 SR in cash. On 6/1 purchased goods from Al -3 BAHA company on account for 95000 SR On 20/1 paid 95000 SR in cash to Al -4 BAHA company 5- On 2/2 paid salaries 20000 SR in cash 6- On 5/2 the company sold goods for 45000 SR on account. Requirements: 1- Record the transactions in the general journal. 2- Post entries in the General Ledger. 3- Prepare the trial balance.

Assignment # 02 The following transactions occurred for a company in 2021: 1- The company started its business by depositing 200000 SR in cash 2- On 3/1 purchased furniture for 45000 SR in cash. On 6/1 purchased goods from Al -3 BAHA company on account for 95000 SR On 20/1 paid 95000 SR in cash to Al -4 BAHA company 5- On 2/2 paid salaries 20000 SR in cash 6- On 5/2 the company sold goods for 45000 SR on account. Requirements: 1- Record the transactions in the general journal. 2- Post entries in the General Ledger. 3- Prepare the trial balance.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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QC 36.

Assignment # 02 The following transactions occurred for a company in 2021: 1- The company started its business by depositing 200000 SR in cash 2- On 3/1 purchased furniture for 45000 SR in cash. On 6/1 purchased goods from Al -3 BAHA company on account for 95000 SR On 20/1 paid 95000 SR in cash to Al -4 BAHA company 5- On 2/2 paid salaries 20000 SR in cash 6- On 5/2 the company sold goods for 45000 SR on account. Requirements: 1- Record the transactions in the general journal. 2- Post entries in the General Ledger. 3- Prepare the trial balance.
Transcribed Image Text:Assignment # 02 The following transactions occurred for a company in 2021: 1- The company started its business by depositing 200000 SR in cash 2- On 3/1 purchased furniture for 45000 SR in cash. On 6/1 purchased goods from Al -3 BAHA company on account for 95000 SR On 20/1 paid 95000 SR in cash to Al -4 BAHA company 5- On 2/2 paid salaries 20000 SR in cash 6- On 5/2 the company sold goods for 45000 SR on account. Requirements: 1- Record the transactions in the general journal. 2- Post entries in the General Ledger. 3- Prepare the trial balance.
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