Problem 1. Mr. Amjad started his Car Repair Business in Muscat in June 2020. During the month of June, the following transactions occurred: June 1 Amjad opened the business by investing OMR 200,000. June 2 Purchased Computers for OMR 2,500 and immediately paid OMR 2,000 cash and promised the supplier to pay the remaining amount in the future. June 5 Purchased supplies on account for OMR 8,500. June 6 Provided repair service to a customer, OMR 5,600. The customer paid OMR 2,000 and the remaining will be paid in the near future. June 10 Paid the remaining amount of OMR s00 for the Computers bought June 2. June 15 Provided repair service to a customer on account, OMR 20,000. June 16 Purchased Computer Equipment by cash, OMR 9,000 June 23 Received cash from the customer who was billed on June 15, OMR 20,000. June 24 Received cash from the customer who was billed on June 6°, OMR 3,600. June 30 Paid the Internet bill OMR 150 June 30 Amjad paid monthly rent, OMR 450. June 30 Paid the Electricity bill, OMR 350 Prepare the unadjusted trial balance for Mr. Asif as of June 30* 2020. Required: 1. Prepare journal 2. Prepare ledger 3. Prepare unadjusted trial balance
Problem 1. Mr. Amjad started his Car Repair Business in Muscat in June 2020. During the month of June, the following transactions occurred: June 1 Amjad opened the business by investing OMR 200,000. June 2 Purchased Computers for OMR 2,500 and immediately paid OMR 2,000 cash and promised the supplier to pay the remaining amount in the future. June 5 Purchased supplies on account for OMR 8,500. June 6 Provided repair service to a customer, OMR 5,600. The customer paid OMR 2,000 and the remaining will be paid in the near future. June 10 Paid the remaining amount of OMR s00 for the Computers bought June 2. June 15 Provided repair service to a customer on account, OMR 20,000. June 16 Purchased Computer Equipment by cash, OMR 9,000 June 23 Received cash from the customer who was billed on June 15, OMR 20,000. June 24 Received cash from the customer who was billed on June 6°, OMR 3,600. June 30 Paid the Internet bill OMR 150 June 30 Amjad paid monthly rent, OMR 450. June 30 Paid the Electricity bill, OMR 350 Prepare the unadjusted trial balance for Mr. Asif as of June 30* 2020. Required: 1. Prepare journal 2. Prepare ledger 3. Prepare unadjusted trial balance
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Learning Outcomes Covered in the Assignment:
Outcome No. 3,
4 and 5
> Recording the Journal
> Posting in the ledger
> Preparing unadjusted trial balance
Assignment Question(s)
Problem 1. Mr. Amjad started his Car Repair Business in
Muscat in June 2020. During the month of June, the following
transactions occurred:
June 1 Amjad opened the business by investing OMR 200,000.
June 2 Purchased Computers for OMR 2,500 and immediately paid OMR 2,000 cash and
promised the supplier to pay the remaining amount in the future.
June 5 Purchased supplies on account for OMR 8,500.
June 6 Provided repair service to a customer, OMR 5,600. The customer paid OMR 2,000
and the remaining will be paid in the near future.
June 10 Paid the remaining amount of OMR 500 for the Computers bought June 2.
June 15 Provided repair service to a customer on account, OMR 20,000.
June 16 Purchased Computer Equipment by cash, OMR 9,000
June 23 Received cash from the customer who was billed on June 15", OMR 20,000.
June 24 Received cash from the customer who was billed on June 6", OMR 3,600.
June 30 Paid the Internet bill OMR 150
June 30 Amjad paid monthly rent, OMR 450.
June 30 Paid the Electricity bill, OMR 350
Prepare the unadjusted trial balance for Mr. Asif as of June
30* 2020.
Required:
1. Prepare journal
2. Prepare ledger
3. Prepare unadjusted trial balance
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