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Niswa Traders had the following transactions during the month of January 2021: You are required...

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Accounting

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Niswa Traders had the following transactions during the month of January 2021: You are required to prepare Journal entry 1st January 2021, the owner has invested OMR 65,000 cash in the business. 3rd January. The business purchased computer for OR. 9,000 cash. 10th January. The business performed a service to a customer and receives OR. 1,500 cash 15th January. The business received a bill for OR 900 from the Advertising Agency for advertising on its website but the business postpones payment until a later date 24th January. The company paid an amount of cash of OMR 300 for Internet expenses 30th January. The owner of the business has withdrawn cash of OMR 400 from the business for his personal use. (Marks 3)

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