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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

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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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
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
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