DateName of the AccountName of the AccountType of Voucher2021DrCrJan 2Jan 31Feb 1Feb 2Mar 1Mar 2Mar 31Apr 1Apr 2May 1May 2May 31June 1June 2July 1July 2July 31Aug 1Aug 2Aug 31Sep 1Sep 2Oct 1Oct 2Oct 31 5. Record the following transactions in Tally PrimeDateAmount (in R0)202111,000Cash A/CMachinery A/CBank A/CAreej Products CompanyNational Packaging Factory A/CCapital A/CPurchased goods and paid by chequeJan 150,00032,50012,500 (Cr)15,000 (Dr)?Jan 27,500Jan 31Purchased goods from Oman Chemical Industries12,500Feb 1Cash Sales20,000Feb 2Sold goods to Taageer Services and offered 10% trade15,000discountMar 1Purchased goods from Raysut Industries Company and8,000received 5% trade discountMar 2Cash withdrawn from bank by proprietor for personal1,200useMar 31Sold Machinery worth of RO 3500 for RO 3,250Apr 1Goods returned to Oman Chemical Industries1,500Paid to Areej Products Company in full settlementGoods returned by Taageer ServicesPaid carriage on purchasesApr 212,000May 11,000May 2200May 31Withdrew from bank for office use1,50040,0006,00011,500June 1Brought additional capital into businessReceived cash from National Packaging FactoryJune 2July 1July 2July 31Aug 1Aug 2Purchased Equipment from Oman International LLCPaid Insurance on Office Building1,350Paid for fuel and Power850Cash taken by proprietor for personal useSold goods to L&T Industries and offered 10% cash2,00016,000discountAug 31Sep 1Goods distributed as free samples2,500Deposited into Bank15,000Sep 2Received cash from National Packaging Factory in full8,750settlementOct 1Oct 2Oct 31Received interest150Paid Electricity charges by chequePaid Salaries and Wages1,1002,500

The question is related to Journal Entry. The Trial Balance is given.

Date Name of the Account Name of the Account Type of Voucher 2021 Dr Cr Jan 2 Jan 31 Feb 1 Feb 2 Mar 1 Mar 2 Mar 31 Apr 1 Apr 2 May 1 May 2 May 31 June 1 June 2 July 1 July 2 July 31 Aug 1 Aug 2 Aug 31 Sep 1 Sep 2 Oct 1 Oct 2 Oct 31

Date Name of the Account Name of the Account Type of Voucher 2021 Dr Cr Jan 2 Jan 31 Feb 1 Feb 2 Mar 1 Mar 2 Mar 31 Apr 1 Apr 2 May 1 May 2 May 31 June 1 June 2 July 1 July 2 July 31 Aug 1 Aug 2 Aug 31 Sep 1 Sep 2 Oct 1 Oct 2 Oct 31

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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