Given below are the transactions related to Abdullah Enterprises for the month of March 2019. Date March |OMR Transactions Mr. Abdullah is the proprietor started business with (i) (üi) 3 Purchased Building for OMR 60,000 and paid OMR 35,000 in cash and remaining amount to be paid in the near future Borrow money from Bank Muscat 5 Purchased goods for cash 6 Purchased a computer for office purposes 7 Cash Sales 8 Paid electricity expenses 9 Purchased stationery for office use 10 Purchased goods from XYZ Limited 11 Sold goods on credit from ABC LLC Saham 12 Paid telephone charge 14 Paid the remaining OMR 25,000 for the building bought on 3nd March 15 Paid rent 17 Commission received 22 Sold goods to Mr. Ali Ibrahim for Cash 25 Paid Salary to Employees 26 Mr. Abdullah withdraw cash for personal use Cash 100,000 and Machinery 50,000 2019, 1 15,000 25,500 900 12,000 300 240 30,000 30,000 600 900 1,800 18,000 1,800 1,500 REQUIRED TO PREPARE A. Journal Entries B. Ledger Accounts C. Trial Balance D. Income Statement and E. Balance Sheet

Given below are the transactions related to Abdullah Enterprises for the month of March 2019. Date March |OMR Transactions Mr. Abdullah is the proprietor started business with (i) (üi) 3 Purchased Building for OMR 60,000 and paid OMR 35,000 in cash and remaining amount to be paid in the near future Borrow money from Bank Muscat 5 Purchased goods for cash 6 Purchased a computer for office purposes 7 Cash Sales 8 Paid electricity expenses 9 Purchased stationery for office use 10 Purchased goods from XYZ Limited 11 Sold goods on credit from ABC LLC Saham 12 Paid telephone charge 14 Paid the remaining OMR 25,000 for the building bought on 3nd March 15 Paid rent 17 Commission received 22 Sold goods to Mr. Ali Ibrahim for Cash 25 Paid Salary to Employees 26 Mr. Abdullah withdraw cash for personal use Cash 100,000 and Machinery 50,000 2019, 1 15,000 25,500 900 12,000 300 240 30,000 30,000 600 900 1,800 18,000 1,800 1,500 REQUIRED TO PREPARE A. Journal Entries B. Ledger Accounts C. Trial Balance D. Income Statement and E. Balance Sheet

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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