The following are the operations that occurred at Mr. Adam's facility during the first month...

60.1K

Verified Solution

Question

Finance

image

The following are the operations that occurred at Mr. Adam's facility during the first month of 2020: On 1/1, he started his commercial business with a capital of 200,000 dinars, of which 120,000 was deposited in the bank, a building valued at 80,000 dinars was presented as part of the capital. On January 2, he bought furniture for 7,500 dinars from Khaled's stores, of which he paid 2,500 dinars by check and the rest on the account. On 1/5, he bought goods from Al-Saada storesfor 12,000 dinars, of which he paid 3,000 dinars by check, and the rest was on the account. On January 7, he sold goods to Al-Amal stores for an amount of 6000 dinars, of which 1,000 dinars were taken in cash, 1,500 dinars by check, and the rest was on the account. On 1/8, he paid an amount of 2000 dinars by check to Khaled's stores, as part of their account. On 1/11 he paid the insurance expense of 500 dinars in cash. On 1/15, he received an amount of 3,000 dinars in cash for providing services to a client. On 1/19, Al-Amal stores paid 1000 dinars in cash from their account Required: Record previous operations in the journal of Mr. Adam's facility

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students