Posted: June 15th, 2022

University of Modern Sciences ACCT 201 ACCT 102: Spring 2015 – 2016 Assignment 2 10 Marks Deadline for Submission May 6th, 2016

University of Modern SciencesStudent Identify: ……………………………………Faculty of BusinessStudent ID: ……………………………………….——————————————————————————————————————-Accounting ACCT 102: Spring 2015 – 2016Assignment 210 MarksDeadline for Submission May sixth, 2016Word: Assignment needs to be uploaded on the portalNo marks will likely be given to assignments despatched by e-mailSaleh Firm began its operations on January 1, 2016. The next transactions tookplace through the first month of operations:Jan 1: Saleh invests $890,000 money to begin the enterprise.Jan Three: Bought furnishings for $125,000, paying $65,000 in money and signal a observe for theremaining steadiness.Jan eight: Bought provides for $6,200 on credit score.Jan 14: Paid $9,000 money for January hire.Jan 19: Paid $2,100 money for workplace provides bought on January eight.Jan 24: Companies billed to prospects quantity to $52,000.Jan 26: Obtained utility payments for $11,000 for the month of January.Jan 29: Paid $32,000 money for salaries.Jan 30: Obtained $40,000 money from prospects in cost for companies billed on January 24.Jan 31: Saleh withdrew $5,500 from the enterprise for private use.Required:1- Put together Journal entries to document the above transactions.2- Publish to the suitable ledger accounts.Three- Put together the trial steadiness on January 31, 2016.four. Put together monetary statements for the month.

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