1.Record the following transactions in a general journal
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Amount(KD)
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Date
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Description
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1/1/2020
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Being capital bought in by owner in the business amounting to KD 30000
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1/1/2020
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Purchase of a High pressure system for KD 5000 which has a useful life of 5 years
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1/1/2020
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Purchase of a vaccum cleaner for KD 210 which has a useful life of 7 years
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1/1/2020
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Purchase of a Oil seperation unit for KD 2000 which has a useful life of 4 years, which helps in seperating oil and water.
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1/1/2020
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Purchase of a water tank for KD 200 which has a useful life of 10 years
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1/1/2020
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Purchase of a generator for power backup for KD 350 which has a useful life of 10 years
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1/1/2020
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Purchase of a drainage unit for KD 400 which has a useful life of 4 years
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1/1/2020
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Purchase of a upholestery cleaner for KD 150 which has a useful life of 5 years
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1/1/2020
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Purchase of industrial hose for KD 120 which has a useful life of 6 years
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1/1/2020
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Purchase of electrical fittings for KD 600 which has a useful life of 6 years
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1/1/2020
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Purchase of supplies of car wax , detergent ,sponge,car soap, plastic polish etc amounting to KD 1200
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3/2/2020
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Purchase of supplies of car wax , detergent ,sponge,car soap, plastic polish etc amounting to KD 600
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6/5/2020
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Purchase of supplies of car wax , detergent ,sponge,car soap, plastic polish etc amounting to KD 800
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10/8/2020
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Purchase of supplies of car wax , detergent ,sponge,car soap, plastic polish etc amounting to KD 1200
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12/9/2020
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Purchase of supplies of car wax , detergent ,sponge,car soap, plastic polish etc amounting to KD 300
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5/1/2020
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Being account recievable from a new customer(Abdul) and the billing amount is KD 400 on account
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5/2/2020
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Being account recievable from a regular customer(Abdul) and the billing amount is KD 200 on account
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5/5/2020
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Being account recievable from a regular customer(Abdul) on account on 5/2/20 and 5/1/20 is paid in cash partially amounting to KD 320
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8/6/2020
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Being account recievable from KPMG company on account for the employee car wash coupons under special privilege scheme amounting to KD 9200
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8/8/2020
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Being account recievable from a regular customer(mohd) and the billing amount is KD 200 on account
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8/9/2020
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Being account recievable from a regular customer on account on 5/2/20 and 5/1/20 is paid in cash full amounting to KD 280
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10/10/2020
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Being account recievable from the date 8/6/20 by KPMG company is paid fully
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12/11/2020
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being rent paid for the property amounting to KD 800
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31/12/2020
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Being rent paid in advance for the next month amounting to KD 800
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31/12/2020
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Being advertising expenses paid in advance for the next month amounting to KD 200
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12/11/2020
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being drawings made by the owner amounting to KD 5000
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6/5/2020
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being loan of KD 10,000 taken from the bank @4% p.a for business purpose
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3/3/2020
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being supplies purchased on credit from xyz company amounting to KD 200
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4/4/2020
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being supplies purchased on credit from abc company amounting to KD 400
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31/12/2020
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being a current liability of interest payment of loan recorded amounting to KD 270
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15/12/2020
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being a current liability of electricity payment amounting to KD 350
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10/10/2020
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Being advance taken for car wash but the car wash is yet to be done amounting to KD 100
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8/8/2020
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Being fabric shampoo and car wax taken on credit from AK is a part of account payable
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31/12/2020
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Being monthly salaries amounting to KD 2500 is due to be paid
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31/12/2020
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Being monthly water supply bill is yet to be paid and is classified in current liability
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