January 1 Owner started business with Cash OMR 18,500 January 3 January 4 Bought Furmniture of OMR 14,000 through cheque. January 5 Purchase goods for cash OMR 90,000 Bought Computers for Cash OMR 5,000. Doid

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
icon
Concept explainers
Question
9:EA
bartleby.com
تسجيل الدخول سؤال وجواب الة bartleby Q ئمة
.. يذ 29 يناير 30 يناير المبلغ / مکتبة الأسئلة والأجوبة / محاسبة / عمل
.. . ريال عما20 يناير 24 يناير 29 يناير 30 يناير المبلغ
د ابدأ تجربتك الآن! الأسبوع الأول 4.99 دولار فقط غلق
Journalize the following transactions in the books Mr. Omar,
post them in ledgers, and prepare the trial balance and Financial
Statements.
2020
January 1 Owner started business with Cash OMR 18,500
January 3
January 4 Bought Furniture of OMR 14,000 through
cheque.
January 5
January 7 Paid rent of office OMR 1,000 with a cheque.
January 10
OMR 19,000
Bought Computers for Cash OMR 5,000.
Purchase goods for cash OMR 90,000
Bought goods from Mohammed on Credit
January 11
January 12 Sold goods for Cash for OMR 4,000
January 18 Sold goods to Mr. Ahmed OMR 2,000
January 19 Paid cash to Mohammed OMR 9,000
January 20 Paid electricity bill OMR 500 in cash.
January 24 Received Cash from Ahmed OMR 5,000
January 29 Money withdrawn OMR 5,000 for personal use.
January 30 Deposited OMR 3,000 cash in to business bank
Paid Salary for OMR 2,000
account.
Transcribed Image Text:9:EA bartleby.com تسجيل الدخول سؤال وجواب الة bartleby Q ئمة .. يذ 29 يناير 30 يناير المبلغ / مکتبة الأسئلة والأجوبة / محاسبة / عمل .. . ريال عما20 يناير 24 يناير 29 يناير 30 يناير المبلغ د ابدأ تجربتك الآن! الأسبوع الأول 4.99 دولار فقط غلق Journalize the following transactions in the books Mr. Omar, post them in ledgers, and prepare the trial balance and Financial Statements. 2020 January 1 Owner started business with Cash OMR 18,500 January 3 January 4 Bought Furniture of OMR 14,000 through cheque. January 5 January 7 Paid rent of office OMR 1,000 with a cheque. January 10 OMR 19,000 Bought Computers for Cash OMR 5,000. Purchase goods for cash OMR 90,000 Bought goods from Mohammed on Credit January 11 January 12 Sold goods for Cash for OMR 4,000 January 18 Sold goods to Mr. Ahmed OMR 2,000 January 19 Paid cash to Mohammed OMR 9,000 January 20 Paid electricity bill OMR 500 in cash. January 24 Received Cash from Ahmed OMR 5,000 January 29 Money withdrawn OMR 5,000 for personal use. January 30 Deposited OMR 3,000 cash in to business bank Paid Salary for OMR 2,000 account.
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Completing the Accounting Cycle
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.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education