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Posting operations from the journal to the ledger

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Reference no: EM133157688

Question - Here are the financial settlements that took place in Al Salam Trading Company during the end of the first month of 1/2022.

The value of salaries and wages for the first month amounted to $1,000.

The exhibition insurance premium for the first month has been settled.

The company obtained the amount of 50 dollars through the bank, the value of the interests of the investments of securities "shares".

The owner of the project sent goods to a friend as a gift that cost $200.

The company got the rest of the amount of 5000 dollars owed by the merchant Khaled in cash.

Required -

1. As the financial accountant of this company, you must record previous financial settlements in the company's journal.

2. Posting operations from the journal to the ledger.

3. Post the operations from the ledger to the trial balance before settlement and the trial balance after settlement.

Reference no: EM133157688

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