Reference no: EM132479323
Question 1. Prepare a tabular analysis of the following transactions for the year 2016 for Green Company:
Point 1) Stockholders invested SR 1,000,000 cash to start the company
Point 2) The company purchased a piece of machinery on credit for SR 10,000.
Point 3) It purchased a truck by paying SR 50,000 and borrowing the remaining SR 25,000 required to complete the transaction.
Point 4) The company had cash revenue of SR 100,000
Point 5) Purchased a land for SR 150,000 on account.
Point 6) Sold the land after one month for SR 150,000.
Point 7) Borrowed SR 150,000 from a local bank.
Point 8) Incurred SR 10,000 as electricity expenses all in cash
Point 9) Paid SR 50,000 salaries for its employees
Point 10) Paid a liability of SR 32,500.
Point 11) Distributed dividends of SR 4,000 cash.
Point 12) Provided services for its clients for SR 320,000 on account.
Point 13) Incurred 5,400 of advertising costs on account.
Point 14) Collected an account receivable of SR 120,000
Point 15) Purchased a computer on credit for SR 6,000.