Prepare journal entries 2020January 1January 3January 4January 5January 7January 10January 11January 12January 18January 19January 20January 24January 29January 30Owner started business with Cash OMRBought Computers for Cash OMR 5,000.Bought Furniture of OMRPurchase goods for cash OMR 90,000through cheque.Paid rent of office OMR 1,000 with a cheque.Bought goods from Mohammed on Credit OMRPaid Salary for OMR 2,000.Sold goods for Cash for OMRSold goods to Mr. Ahmed OMRPaid cash to Mohammed OMRPaid electricity bill OMR 500 in cash.Received Cash from Ahmed OMR 5,000.Money withdrawn OMR 5,000 for personal use.Deposited OMR 3,000 cash in to business bank account.

Introduction: A journal is the team's corporate book in which all transactions are recorded in…

2020 January 1 January 3 January 4 January 5 January 7 January 10 January 11 January 12 January 18 January 19 January 20 January 24 January 29 January 30 Owner started business with Cash OMR Bought Computers for Cash OMR 5,000. Bought Furniture of OMR through cheque. Purchase goods for cash OMR 90,000 Paid rent of office OMR 1,000 with a cheque. Bought goods from Mohammed on Credit OMR Paid Salary for OMR 2,000. Sold goods for Cash for OMR Sold goods to Mr. Ahmed OMR Paid cash to Mohammed OMR, Paid electricity bill OMR 500 in cash. Received Cash from Ahmed OMR 5,000. Money withdrawn OMR 5,000 for personal use. Deposited OMR 3,000 cash in to business bank account.

2020 January 1 January 3 January 4 January 5 January 7 January 10 January 11 January 12 January 18 January 19 January 20 January 24 January 29 January 30 Owner started business with Cash OMR Bought Computers for Cash OMR 5,000. Bought Furniture of OMR through cheque. Purchase goods for cash OMR 90,000 Paid rent of office OMR 1,000 with a cheque. Bought goods from Mohammed on Credit OMR Paid Salary for OMR 2,000. Sold goods for Cash for OMR Sold goods to Mr. Ahmed OMR Paid cash to Mohammed OMR, Paid electricity bill OMR 500 in cash. Received Cash from Ahmed OMR 5,000. Money withdrawn OMR 5,000 for personal use. Deposited OMR 3,000 cash in to business bank account.

Individual Income Taxes

43rd Edition

ISBN:9780357109731

Author:Hoffman

Publisher:Hoffman

Chapter4: Gross Income: Concepts And Inclusions

Section: Chapter Questions

Problem 33P

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