Journalize the following transactions in the books of AHMED for the month of March. 2020 2020March. 1Introduced cash as capital OMR 50,000.5Goods purchased on cash for OMR 10,000.8Purchased furniture on credit for OMR 10,000.10Paid OMR 2,000 as charity in COVID-19 fund.15Paid tuition fee for owner’s children from the business bank account OMR 200.18Paid electricity bill OMR 100.20Purchased goods from Rashid for OMR 8,000 and paid only 4,000 to him.22Purchased an extra machine for cash OMR 10,000 25Paid salaries OMR 500 from the bank account28Cash sales to Mohammed OMR 1,000.

The transactions and events of the company will be recorded in the journal book. The transactions…

Answered: Journalize the following transactions…

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter18: Acquiring Capital For Growth And Development

Section: Chapter Questions

Problem 1AP

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Journalize the following transactions in the books of AHMED for the month of March. 2020

2020 March. 1	Introduced cash as capital OMR 50,000.
5	Goods purchased on cash for OMR 10,000.
8	Purchased furniture on credit for OMR 10,000.
10	Paid OMR 2,000 as charity in COVID-19 fund.
15	Paid tuition fee for owner’s children from the business bank account OMR 200.
18	Paid electricity bill OMR 100.
20	Purchased goods from Rashid for OMR 8,000 and paid only 4,000 to him.
22	Purchased an extra machine for cash OMR 10,000
25	Paid salaries OMR 500 from the bank account
28	Cash sales to Mohammed OMR 1,000.

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