Prepare journal entries for the transaction of Ahmed and Sons for the month of April 2020.0n April 1 On April 1 Owner invested Rs.200,000 cash in the business. On April 5 Bought equipment worth Rs.30,000 on account from Ali Brothers. On April 10 owner withdrew cash for personal use Rs. 500 On April 12Purchascd Insurance policy paid 4months advance payment 8,000 On April 15 Paid partial payment Rs. 15,000 for the equipment purchased for Ali Brothers. On April 20 Received revenue for services rendered 12,000 On April 30 Paid Rs. 10,000 as salaries expenses and 2,000 as wages expenses for the month of April Question -2 REQUIRED : A. GENERAL JOURNAL b. LEDGER POSTING C. TRIAL BALANCE

Prepare journal entries for the transaction of Ahmed and Sons for the month of April 2020.0n April 1 On April 1 Owner invested Rs.200,000 cash in the business. On April 5 Bought equipment worth Rs.30,000 on account from Ali Brothers. On April 10 owner withdrew cash for personal use Rs. 500 On April 12Purchascd Insurance policy paid 4months advance payment 8,000 On April 15 Paid partial payment Rs. 15,000 for the equipment purchased for Ali Brothers. On April 20 Received revenue for services rendered 12,000 On April 30 Paid Rs. 10,000 as salaries expenses and 2,000 as wages expenses for the month of April Question -2 REQUIRED : A. GENERAL JOURNAL b. LEDGER POSTING C. TRIAL BALANCE

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Description: Prepare journal entries for the transaction of Ahmed and Sons for the month of April 2020.On April 1On April 1 Owner invested Rs.200,000 cash in the business.On April 5 Bought equipment worth Rs.30,000 on account from Ali Brothers.On April 10 owner

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter5: Sales And Receivables

Section: Chapter Questions

Problem 48BE: Collection of Amounts Previously Written Off Hannah purchased a laptop computer from Perry Corp. for...

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