Individual Assignment QI Record the following transactions in Journal. Post them in Ledger and prepare Trial Balance: 2022 Jan, 1 Started business with cash SR 80000. Jan, 2 Bought Furniture for cash SR 5000. Jan 10 Purchased merchandise for cash SR 3000. Jan, 15 Purchased merchandise on account from Yasin SR 5000. Jan, 20 Sold merchandise for cash SR 6000. Jan, 25 Sold merchandise to Ali SR 2000. Jan, 28 Received cash from Ali SR 1500. Jan, 30 Paid cash to Yasin SR 4000. Jan, 31 Paid wages SR 1200.

Individual Assignment QI Record the following transactions in Journal. Post them in Ledger and prepare Trial Balance: 2022 Jan, 1 Started business with cash SR 80000. Jan, 2 Bought Furniture for cash SR 5000. Jan 10 Purchased merchandise for cash SR 3000. Jan, 15 Purchased merchandise on account from Yasin SR 5000. Jan, 20 Sold merchandise for cash SR 6000. Jan, 25 Sold merchandise to Ali SR 2000. Jan, 28 Received cash from Ali SR 1500. Jan, 30 Paid cash to Yasin SR 4000. Jan, 31 Paid wages SR 1200.

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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