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1 . On the 1 st of April, the owner of the company invested cash OMR 4 0 , 0 0 0 building OMR 6
On the st of April, the owner of the company invested cash OMR building OMR and machine OMR in the companynd of April, the company bought land for on credit On the th of April, the company billed the customers for the services provided On the th of April, the board of directors declared dividends OMR for the ordinary shareholders On the th of April, the owner of the company withdrew for personal useth of April, the company converted Note payable to ordinary shares On the th of April, the company paid electricity OMR and rent OMR th of April, the company issued ordinary shares for OMR th of April, the company paid for the land bought on the nd of April On the th of April, the company paid for one year insurance starting from the st of Aprilth of April, the company received for services that should be provided next monthth of April, the company received maintenance services for their equipment for but didnt pay the provider On the nd of April, the company sold a used delivery truck for On the th of April, the company sold old office furniture and billed the purchaser for On the th of August, the owner of the company returned the amount withdrew on the th of Aprilst of April, paid dividends of OMR for the ordinary shareholders. Q Show the impact of the above transaction on the accounting equation. Q Prepare the journal entries in the general ledger of the company. Q Post the journal entries to each account ledger. Q Prepare the Trial Balance report for the above. Q Consider the following transaction that happened next month and prepare the adjusting entries On the st of May, the company received the amount billed on the th of Aprilth of May, the company used one month of the insurance services paid for on the th of Aprilth of May, the company provided services for from the services paid on the th of the Aprilth of May, the company paid for the maintenance services received on the th of April. Q Prepare the adjusting Trial Balance according to the above adjustment.Q Prepare the Income Statement of the company.Q Prepare the statement of Retained EarningsQ Prepare the statement of Financial Position
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