On 1/1/2020, a young pioneer started his commercial project with a capital of 10,000 dinars, and he deposited this amount in a current account of the project with a bank. - Day 1/2 rent a store in a...

On 1/1/2020, a young pioneer started his commercial project with a capital of 10,000 dinars, and he deposited this amount in a current account of the project with a bank. - Day 1/2 rent a store in a commercial area and pay in advance 3 months' rent with a check of 600 dinars. - On 1/3, a 1000 dinars were withdrawn from the bank to be deposited in the store fund for petty cash. - On 1/5, he bought a commodity for 3,000 dinars, and paid for it by check. - On January 12, he paid 50 dinars in cash for a funded advertisement on Facebook. On January 17th, he sold goods for cash for 1500 dinars. - On January 22, he sold merchandise on the account with a value of 1800 dinars to Abu Ali stores. - On January 23, he bought an office with a chair and a small wardrobe for the shop, at a total price of 400 dinars, which he paid in cash. - On January 31, pay the electricity and water bill for January, at an amount of 45 dinars. Required : 1) Record the journal entries for the above operations. 2) Posting and balancing these entries in the ledger.

Jun 08, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here