Question

Make jornal entry

On 1-12 Owner Yara invested furniture into the business from her personal funds worth 10,000

• On 2-12 Salem booked a cleaning service online for his private villa, after assessing he was informed that the price will be 25,000, so he cancelled the order.
• On 7-12 purchased office Equipment paid by a cheque for 20,000.
• On 10-12 Purchased supplies for 4,000 from THE SKY Co. on credit, payment is due within 10 days.
• On 11-12 provided services to customers worth 18,000 received by cheques.
• On 14-12 received a cheque from King Faisal University with 200,000 for invoice no.100.
• On 20-12 the company held a successful small workshop, and received revenues in cash for 2000.
• On 22-12 Debtor.NC KSA paid cash 50,000 for invoice no.300.
• On 29-12 the company paid
• • 1000 electricity bill in cash.
  • 1200 website rent by bank transfer.
  • 7000 for advertisement with a cheque
• On 30-12 paid salaries and wages worth 25,000 by cheques.
• On 30-12 received rent 5000 for the current month cash.

Answer 1

Date	Account Titles and Explanation	Debit	Credit
1-Dec	Furniture	10,000
	To capital		10,000
	(Being furniture invested in the business)
2-Dec	Cleaning service expense	25000
	To expense payable		25000
	(Being cleaning service booked)
	Expense payable	25000
	To cleaning service expense		25000
	(Being booking cancelled)
7-Dec	Office Equipment	20000
	To Bank		20000
	(Being office equipment puurchased)
10-Dec	Supplies	4000
	To Accounts Payable		4000
	(Being supplies purchased)
11-Dec	Bank	18000
	To Service Income		18000
	(Being service revenue received)
14-Dec	Bank	200000
	To King Faisal University		200000
	(Being cheque received-invoce no.100)
20-Dec	Cash	2000
	To workshop revenue		2000
	(Being revenue received from the workshop conducted)
22-Dec	Cash	50000
	NC KSA a/c		50000
	(Being cash received against invoice no. 300)
29-Dec	Electricity Charges	1000
	To cash		1000
	(Being electricity bill paid)
29-Dec	Website rent	1200
	To Bank		1200
	(Being website rent paid through nnet banking)
29-Dec	Advertisement	7000
	To Bank		7000
	(Being advertisementexpenses paid by cheque)
30-Dec	Salaries and Wages	25000
	To Bank		25000
	(Being expenses paid by cheque)
30-Dec	Cash	5000
	To rent income		5000
	(Rental income received)