answer please Question 2: Apply double entry principles to journalize the transactions...
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Question 2: Apply double entry principles to journalize the transactions given below. (20 marks) Peler started his own Acocunting Consulting Business, PD Consultanks, on October 1, 2020. The following transactions occurred during the month of October. Oct 1 Peter ivvested AED 90,000 cash and AED 7,000 ecuipment in his business. Ot 2 Purchaned Motor Vehicle from AN Habtoor Motors for AED 45,000 and paid cash AED 35,000 AED 10,000 is an account. Oct 4 . Performed services worth AED 8,400 for Brightion College on accoount. Oet 8 Withdrew AFD BoD eash ler perseral use. Oct 10 Performed services AED 2,000 and collected cash Add teot here Oct 15 Received AED 2.480 trom ABC Company for services that will be provided during December. Oct 18 Paid AED 50,000 rent for 1 year. Oct 29 Paid salaries to stalf AED 25,000. Oct 30 Erightion College paid part of the amount due for the transaction on Oct 4, AED 5.400. Oct 31 Paid the full amount owing to A Habtocr Motors for the transaction on Oct 2. Faculy, Dr, Fichna Earieries ADC 1 cous Mid ferm-2021-10
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