1. In double entry system of accounting two or more than two accounts are affected as a result of a business transaction. There are certain transactions which affect only assets side of accounting equation. Give two examples in which in which only the left side (assets) of the accounting equation is affected. 2. At the end of 2020, Ahmed & Bro Company has accounts receivable of OMR 50,000 and an allowance for doubtful accounts of OMR 4,000. On January 12, 2021, the company learns that its receivable from Bader Inc. is uncollectible, and management authorizes a write-off of OMR1000. Required: (a) Prepare the journal entry to record the write-off. (b) What is the cash realizable value of the accounts receivable (1) before the write-off and (2) after the write-off? 3. Galindo Co. uses special journals and a general journal. Identify the journal in which each of the following transactions is recorded. (a) Paid salaries of the employees in cash. (b) Purchased equipment on account. (c) Purchased merchandise on account. (d) Purchased merchandise by cash (e) Sold merchandise on account. (f) Sold merchandise for cash