Question Required 1- Recording the flowing-mentioned operations in the Accounting Equation 2-The balance of the accounts in the ledger You have the following transaction data for a company: 1-On January 2, 2019, Mohamed started his commercial activity by depositing 2million dinars into the fund 2-On 3/1/2019, he bought goods for 800,000 dinars from Al-Faihaa Trading Company, on the account 3-On 5/1/2019, goods were sold for 500,000 dinars in cash 4-On 1/8/2019, half of the amount owed to Al-Fayhaa Trading Company was paid 5-On 01/10/2019, the rent for the company's headquarters was paid 250,000 dinars in cash 6- He bought on the account a commodity in the amount of 500 thousand dinars from Al-Fayhaa Trading Company 7- On January 15, 2019, the salary of 200,000 dinars was paid in cash
Question Required 1- Recording the flowing-mentioned operations in the Accounting Equation 2-The balance of the accounts in the ledger You have the following transaction data for a company: 1-On January 2, 2019, Mohamed started his commercial activity by depositing 2million dinars into the fund 2-On 3/1/2019, he bought goods for 800,000 dinars from Al-Faihaa Trading Company, on the account 3-On 5/1/2019, goods were sold for 500,000 dinars in cash 4-On 1/8/2019, half of the amount owed to Al-Fayhaa Trading Company was paid 5-On 01/10/2019, the rent for the company's headquarters was paid 250,000 dinars in cash 6- He bought on the account a commodity in the amount of 500 thousand dinars from Al-Fayhaa Trading Company 7- On January 15, 2019, the salary of 200,000 dinars was paid in cash
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Question Required 1- Recording the
flowing-mentioned operations in the
Accounting Equation 2-The balance of the
accounts in the ledger
You have the following transaction data for
a company: 1-On January 2, 2019,
Mohamed started his commercial activity
by depositing 2million dinars into the fund
2-On 3/1/2019, he bought goods for
800,000 dinars from Al-Faihaa Trading
Company, on the account 3-On 5/1/2019,
goods were sold for 500,000 dinars in cash
4-On 1/8/2019, half of the amount owed to
Al-Fayhaa Trading Company was paid 5-On
01/10/2019, the rent for the company's
headquarters was paid 250,000 dinars in
cash 6- He bought on the account a
commodity in the amount of 500 thousand
dinars from Al-Fayhaa Trading Company 7-
On January 15, 2019, the salary of 200,000
* dinars was paid in cash
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