Brought additional capital into business Purchased goods and paid by Cheque Deposited into bank Cash Sales Jan 2 Jan 31 Feb 1 Feb 2 Mar I 50,000 10,000 35,000 20,000 25,000 Sold goods to Al-Batina International Engineering & Services and offered 10% trade discount Purchased goods from Majis Industrial Services Company and got 5% trade discount Withdrew from bank Goods returned to Majis Industrial Services Company Mar 2 12,000 10,000 2,000 Mar 31 Apr I
Brought additional capital into business Purchased goods and paid by Cheque Deposited into bank Cash Sales Jan 2 Jan 31 Feb 1 Feb 2 Mar I 50,000 10,000 35,000 20,000 25,000 Sold goods to Al-Batina International Engineering & Services and offered 10% trade discount Purchased goods from Majis Industrial Services Company and got 5% trade discount Withdrew from bank Goods returned to Majis Industrial Services Company Mar 2 12,000 10,000 2,000 Mar 31 Apr I
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
100%
Journals

Transcribed Image Text:Brought additional capital into business
Purchased goods and paid by Cheque
Deposited into bank
Cash Sales
Sold goods to Al-Batina International Engineering & Services
and offered 10% trade discount
Purchased goods from Majis Industrial Services Company and
got 5% trade discount
Withdrew from bank
Goods returned to Majis Industrial Services Company
Sold furniture worth of RO 4000 for RO 3200
Paid Carriage Outwards
Goods returned by Al-Batina International Engineering &
Services
Withdrew from bank for personal use
Jan 2
50,000
10,000
35,000
20,000
25,000
Jan 31
Feb I
Feb 2
Mar I
Mar 2
12,000
Mar 31
10,000
2.000
Apr 1
|Apr 2
May 1
May 2
2,000
2,500
May 31
4,000
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 3 images

Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON

Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education

Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education