Reference no: EM133173709

Question - Here are the financial statements made in Al Salam Trading Company during the first month of 1/2022.

On the 1st of it, the company started business with a capital of 30,000 dollars deposited by the owner of the company in a special account in the name of the company in the bank.

On the 2nd of it, the company purchased goods worth 4000 dollars from the factory of Al-Amal Company on the account.

On the 4th of it, the company purchased office furniture supplies worth $2000 from the Modern Furniture Showroom, where the value was paid by check.

On the 5th of it, the company sold merchandise to the shops of Trader Khaled, at a value of $5,000, on account.

On the 6th of it, the company paid the Al-Amal Company factory $2000 by check.

On the 8th of it, the company collected $4,000 from the amount owed on the merchant Khaled's stores in cash.

On the 10th of it, the company purchased a main exhibition for the company at a value of 20000 dollars, where it paid 5000 dollars by check, and took the rest of the loan against the guarantee of the exhibition.

On the 12th, the company paid an insurance premium on the exhibition at a value of 1200 dollars in cash, provided that the value of the insurance covers a period of two years, starting from the beginning of this year and continuing for a period of two years.

On the 15th of it, the company paid $1,200 as an advance payment from the employees' salaries in cash.

On the 20th, the company paid the first monthly payment of the loan amount, which amounted to $1,000, by check.

On the 23rd of it, the company purchased securities in the stock exchange in the form of shares worth $5,000 paid by check.

On the 30th, the company paid $100 for the electricity bill in cash.

Required -

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

2. Posting operations from the journal to the ledger.