The following transactions are taken from the books of Mr. Noushad for the month of May 2020. May 1 Mr. Aamir started the business for accounting services by investing OMR 75,000. 2 Purchased Computers by cash OMR 16,000. 4 The company purchased a Delivery Van on credit from Datsun Auto for OMR 5,000. Paid OMR 2,000 cash and the balance will be paid next month 6 The business paid for the insurance covering full year amount OMR 2,200 14 Business provided Accounting Services to customer by collecting cash OMR 9,500. 23 Mr. Aamir earned OMR 12,700 in revenue from the customer for accounting services provided to them. He received OMR 5,700 cash, and customers agreed to pay remaining amount later. 25 Mr. Aamir paid OMR 1,100 to Datsun Auto. 27 Mr. Aamir paid the salary for his staff OMR 2,220. 30 The business paid rent OMR 2,220 for the month of May 2020. 30 Received cash OMR 2,600 from the customer who previously billed for the service provided on credit, dated May 23, 2020. 30 Mr. Aamir withdrawn cash OMR 1,800 for his personal use. Required: Prepare Journal Entries, Ledger Accounts and Unadjusted Trial Balance. NOTE***** FOR THE LEDGER ACCOUNTS , EACH SHOULD HAVE ITS TABLE
- The following transactions are taken from the books of Mr. Noushad for the month of May 2020.
May 1 Mr. Aamir started the business for accounting services by investing OMR 75,000.
2 Purchased Computers by cash OMR 16,000.
4 The company purchased a Delivery Van on credit from Datsun Auto for OMR 5,000. Paid
OMR 2,000 cash and the balance will be paid next month
6 The business paid for the insurance covering full year amount OMR 2,200
14 Business provided Accounting Services to customer by collecting cash OMR 9,500.
23 Mr. Aamir earned OMR 12,700 in revenue from the customer for accounting services provided
to them. He received OMR 5,700 cash, and customers agreed to pay remaining amount later.
25 Mr. Aamir paid OMR 1,100 to Datsun Auto.
27 Mr. Aamir paid the salary for his staff OMR 2,220.
30 The business paid rent OMR 2,220 for the month of May 2020.
30 Received cash OMR 2,600 from the customer who previously billed for the service provided on credit, dated May 23, 2020.
30 Mr. Aamir withdrawn cash OMR 1,800 for his personal use.
Required:
- Prepare
Journal Entries , - Ledger Accounts and
- Unadjusted
Trial Balance .
- NOTE***** FOR THE LEDGER ACCOUNTS , EACH SHOULD HAVE ITS TABLE
Step by step
Solved in 2 steps with 12 images
