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Shinas Traders had the following transactions during the month of January 2021: You are required to prepare Journal entry.
1st January 2021, owner has invested OR. 110,000 cash in the business.
4rd January. The business purchased furniture worth OR. 6,000 and paid cash.
11th January. The business purchased office supplies worth RO.6, 000 from Salalah
Traders LLC and paid cash OR. 2,000, and agreed to pay balance after one month.
16th January. The business performed a service to a customer and receives OR. 1,600 cash.
24th January. The business paid salaries to employees totaled OR.1, 400
29th January. Owner of the business withdrawn cash of OMR 400 from the business for his personal use.
