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First enter transactions in special journals wich is :

1- Sales Journal

2- Cash receipt Journal

3- Purchase Journal

4- Purchases Receipt Journal

5- Genral Gournal

Then prepare T Ladger Accounts

Then Prepare Trail Balance

1 /14 224% 20,000 5,000 15,000 24,000 Pa 560,000 t Receivable cumulated Depreciation- Motor Vehicle Accumulated Depreciation - Machine tal etained Ear $23,000 $200,000 $258,000 100,000 150,000 Motor Vehicle At December 31, Account Receivable subsidiary ledgers are as follows: A/R -AFNAN A/R-BATOOL A/R- SARAH $10,000 $7,000 At December 31, Account Payable subsidiary ledgers are as follow A/P - XY Co A/P - WA co A/P FB co $20.000 $18,000 $22,000 The following transactions were completed during THE FIRST QUARTER OF 2018. Date 7-Jan Received full payment from Afnan 9 Jan Paid the amount due to WA Co 12-Jan Returned $2,000 worth of merchandise to RA Company 15-JanBorrow $100,000 cash from SABB Bank The loan is for 5 years with 10% interest annual! y d $30,000 worth of merchandise to Afnan Company on account term 3 15 n/30; FOB Destination of $300 aid the amount due to RA C rchased merchandise worth $50,000 on account from WA term 2/10,n/30; FOB Shi of $400 salary expenses for the month of $12,000 28-Jan 29-Jan Sold $30,000 worth of merchandise to Eman Company on account term 3/15.n/45; FOB Destination of $500 29-J 31-Jan Afnan returned $1.500 of the merchandise and included the payment for the remaining amourt eturned $500 worth of merchandise to WA s-FeblBa ool informed the company to change her account receivabe balance to Notes receivable with 10% interest or a perod 16 months old merchandise worth $60,000 to Sarah on account term 3/15,n/45: FOB Shipping point of $1,000 26-FebEman Company returned $1,000 worth of merchandise and included the payment for the remaining amount due 28-Feb Paid for the amount due for utility incurred on January 15 sala 1-Mar Paid the amount due to XY Company and WA Company 3-Mar Sold $3,000 worth of merchandise for cash to Ahmad 7-M 10-MarSold $85,000 worth of merchandise to Eman Company on account term 3/15, n/45: FOB Destination of $900 24-Mar Ahmad returned $500 worth of merchandise 25-Jan Paid for the advertising of $3,000 for the er 30-Mar Returned $1,000 worth of merchandise to RA Company and included a payment for the remaining amount due 30-Marincurred salary expenses of $12,000 for the month

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