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Ibri Traders had the following transactions during the month of January 2020: You are required...

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Ibri Traders had the following transactions during the month of January 2020: You are required to prepare Journal entry. 1st January 2020, owner has invested OR. 55,000 cash in the business. 3rd January. The business purchased furniture worth OR. 3,000 and paid cash. 10th January. The business purchased office supplies worth RO.3, 000 from sohar Traders LLC and paid cash OR. 1,000, and agreed to pay balance after one month. 15th January. The business performed a service to a customer and receives OR. 800 cash. 25th January. The business paid salaries to employees totalled OR.700 30th January. Owner of the business withdrawn cash of OMR 200 from the business for his personal use (Marks 3)

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