Task 5: General Ledger (45 marks).
SAMA Company has the following General Journal for the month of March 2022. As an accountant, you are required to transfer the transactions into the General Ledger accounts as given below. a. Cash b. Capital c. Loans payable d. Accounts Payable e. furniture f. van 8- Accounts Receivable h. Sales i. Purchases j. Salaries k. Equipment I. Rent
Required to: prepare the separate ledger accounts and provide the totals and balances if available. Here are the General Journal entries. The amounts are in Omani Rial. Date Particulars Ref. Debit Credit March 2022 1 Cash 150,000 Capital 150,000 To record owner's capital invested in Business 3 Cash 10,000 Loans Payable 10,000 To record loan obtained from NBO bank for the business 5 35,000 Furniture Cash 35,000 To record purchase of furniture 7 Van 14,000 Accounts Payable 14,000 To record purchase of van on credit from Top Car Company Accounts Receivable 20,000 Sales 20,000 To record sales on credit to SALAH company 11 Purchases 15,000 Accounts payable 15,000 To record purchase of goods on credit from AI NADA stores 13 Purchases 9,000 Cash 9,000 To record purchase of goods by cash 15 Equipment 16,000 Cash 16,000 To record purchase of equipment by cash 22 Accounts Payable 15,000 Cash 15,000 To record cash paid to AI NADA stores 25 Cash 10,000 Accounts Receivable 10,000 To record cash received from SALAH company 30 salaries 3,000 Cash 3,000 To record payment of salaries by cash
