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traders started a business with 300,000 cash.

on 1st jan 2022


1. Purchased car for business use worth 10,000 in cash.01-01-2022
2. Paid 6,000 as advance rent on 01-01-2022 for six months
3. Purchased Plant and machinery worth 13,500 on 16-01-2022
4. Purchased goods worth 4,000 from Al Kamal on credit dated 17/01/2022
5. Purchased goods, worth 7,000 from Ali traders. on credit dated 4/01/2022
6. Sold goods worth 4,000 to ABC & Co. on credit 05/01/22
7. Sold goods worth 2,000 by cash 05/01/22
8. Owner Withdrew 100 in cash for personal use from his business.10-01-2022
9. Provide 25% annual depreciation on car worth 2,000.(straight line method)31-1-2022
10. Provide 30% annual depreciation on Plant and machinery(straight line method)31-1-2022
11. Accrued Electricity Expense for month 1,000, dated 31-01-2022
12. Charged rent for the first month dated 31-01-2022
13. Received Accrued income 500 against services provided to AL Kamal 31-01-2022
1. Charged Accrued income 500 to Kamal and sons
2. Paid Prepaid rent 3,000 for three month
3. Received 2000 advance from customer
4. Charged accrued telephone bill 1500
5. Received 700 Accrued income previously charged to black and decker Co
6. Charged 200 mobile bill (prepaid of last month)
7. Recorded 2000 sales previously recorded as advance from customer
8. Paid 1000 as accrued salary of previous month

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