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Jan 2 30,000 Brought additional capital into business Purchased goods and paid by Cheque Deposited into bank Cash Sales Sold goods to Al-Batina International Engineering & Services and offered 10% trade discount Purchased goods from Majis Industrial Services Company and got 5% trade discount Withdrew from bank Goods returned to Majis Industrial Services Company Sold furniture worth of RO 4000 for RO 3200 Paid Carriage Outwards Goods returned by Al-Batina International Engineering & Services Withdrew from bank for personal use Goods distributed as free samples Paid Wages by cheque Received from Al-Batina International Engineering & Services hv.cheaue Sold goods to SPT Middle East Company and offered 10% cash discount Purchased Equipment from Larsen & Toubro Heavy Engineering LLC Received from Sohar International Urea & Chemical Industries Jan 31 Feb 1 Feb 2 10,000 35,000 20,000 25,000 Mar I Mar 2 12,000 Mar 31 Apr 1 Apr 2 May 1 May 2 10,000 2,000 2,000 2,500 May 31 June 1 4,000 3,000 12,000 10,000 June 2 July I July 2 18,000 July 31 50,000 Aug I 23,000 Aug 2 Aug 31 Sep 1 Sep 2 Oct 1 in full settlement Goods taken by proprietor for personal use Purchased goods from Sharq Sohar Steel Rolling Mills Received rent by cheque Paid Steinweg Oman L.L.C by cheque Received from Al-Batina International Engineering & Services in full settlement Paid Majis Industrial Services Company in full settlement 2,500 8,000 6,500 10,000 9,000 Oct 2 8,200 9,500 Oct 31 Paid Salaries

Jan 2 30,000 Brought additional capital into business Purchased goods and paid by Cheque Deposited into bank Cash Sales Sold goods to Al-Batina International Engineering & Services and offered 10% trade discount Purchased goods from Majis Industrial Services Company and got 5% trade discount Withdrew from bank Goods returned to Majis Industrial Services Company Sold furniture worth of RO 4000 for RO 3200 Paid Carriage Outwards Goods returned by Al-Batina International Engineering & Services Withdrew from bank for personal use Goods distributed as free samples Paid Wages by cheque Received from Al-Batina International Engineering & Services hv.cheaue Sold goods to SPT Middle East Company and offered 10% cash discount Purchased Equipment from Larsen & Toubro Heavy Engineering LLC Received from Sohar International Urea & Chemical Industries Jan 31 Feb 1 Feb 2 10,000 35,000 20,000 25,000 Mar I Mar 2 12,000 Mar 31 Apr 1 Apr 2 May 1 May 2 10,000 2,000 2,000 2,500 May 31 June 1 4,000 3,000 12,000 10,000 June 2 July I July 2 18,000 July 31 50,000 Aug I 23,000 Aug 2 Aug 31 Sep 1 Sep 2 Oct 1 in full settlement Goods taken by proprietor for personal use Purchased goods from Sharq Sohar Steel Rolling Mills Received rent by cheque Paid Steinweg Oman L.L.C by cheque Received from Al-Batina International Engineering & Services in full settlement Paid Majis Industrial Services Company in full settlement 2,500 8,000 6,500 10,000 9,000 Oct 2 8,200 9,500 Oct 31 Paid Salaries

Financial Reporting, Financial Statement Analysis and Valuation
Financial Reporting, Financial Statement Analysis and Valuation
8th Edition
ISBN:9781285190907
Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Publisher:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Chapter2: Asset And Liability Valuation And Income Recognition
Section: Chapter Questions
Problem 5QE
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we need name of the account which debit and credit for pragrams tally.RPE.9
Jan 2 50,000 Brought additional capital into business Purchased goods and paid by Cheque Deposited into bank Cash Sales Sold goods to Al-Batina International Engineering & Services and offered 10% trade discount Purchased goods from Majis Industrial Services Company and got 5% trade discount Withdrew from bank Goods returned to Majis Industrial Services Company Sold furniture worth of RO 4000 for RO 3200 Paid Carriage Outwards Goods returned by Al-Batina International Engineering & Services Withdrew from bank for personal use Goods distributed as free samples Paid Wages by cheque Received from Al-Batina International Engineering & Services hv cheque Sold goods to SPT Middle East Company and offered 10% cash |discount Purchased Equipment from Larsen & Toubro Heavy Engineering LLC Jan 31 Feb 1 Feb 2 Mar 1 10,000 35,000 20,000 25,000 Mar 2 12,000 10,000 2,000 Mar 31 Apr 1 Apr 2 May 1 May 2 2,000 2,500 May 31 June 1 June 2 July 1 4,000 3,000 12,000 10,000 July 2 18,000 July 31 50,000 Aug 1 Received from Sohar International Urea & Chemical Industries 23,000 Aug 2 |Aug 31 Sep 1 Sep 2 Oct 1 in full settlement Goods taken by proprietor for personal use Purchased goods from Sharq Sohar Steel Rolling Mills Received rent by cheque Paid Steinweg Oman L.L.C by cheque Received from Al-Batina International Engineering & Services in full settlement Paid Majis Industrial Services Company in full settlement Paid Salaries 2,500 8,000 6,500 10,000 9,000 Oct 2 Oct 31 8,200 9,500
Transcribed Image Text:Jan 2 50,000 Brought additional capital into business Purchased goods and paid by Cheque Deposited into bank Cash Sales Sold goods to Al-Batina International Engineering & Services and offered 10% trade discount Purchased goods from Majis Industrial Services Company and got 5% trade discount Withdrew from bank Goods returned to Majis Industrial Services Company Sold furniture worth of RO 4000 for RO 3200 Paid Carriage Outwards Goods returned by Al-Batina International Engineering & Services Withdrew from bank for personal use Goods distributed as free samples Paid Wages by cheque Received from Al-Batina International Engineering & Services hv cheque Sold goods to SPT Middle East Company and offered 10% cash |discount Purchased Equipment from Larsen & Toubro Heavy Engineering LLC Jan 31 Feb 1 Feb 2 Mar 1 10,000 35,000 20,000 25,000 Mar 2 12,000 10,000 2,000 Mar 31 Apr 1 Apr 2 May 1 May 2 2,000 2,500 May 31 June 1 June 2 July 1 4,000 3,000 12,000 10,000 July 2 18,000 July 31 50,000 Aug 1 Received from Sohar International Urea & Chemical Industries 23,000 Aug 2 |Aug 31 Sep 1 Sep 2 Oct 1 in full settlement Goods taken by proprietor for personal use Purchased goods from Sharq Sohar Steel Rolling Mills Received rent by cheque Paid Steinweg Oman L.L.C by cheque Received from Al-Batina International Engineering & Services in full settlement Paid Majis Industrial Services Company in full settlement Paid Salaries 2,500 8,000 6,500 10,000 9,000 Oct 2 Oct 31 8,200 9,500
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