Q1. Omar Co. is an accounting firm that provide accounting consultancy services. The following transactions...
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Q1. Omar Co. is an accounting firm that provide accounting consultancy services. The following transactions took place in Omar Co.:(4 marks) amounts in Saudi riyal a. In the 1st of January, Abdul-Aziz invested 6,000,000 in Omar Co. and he paid them in cash. b. In the 2nd of Jan, Omar Co. have purchased office equipment and paid 48,800 cash. c. In the 3rd of Jan, Omar Co. have purchased supplies on credit by 18,500. d. In the 25th of Jan, Omar Co. provided accounting services to Ahmed and collected 19,010. Required: Journalize those transactions and post them to T account?
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