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1) You are required to analyze the transactions and discuss the effects of the transaction in Accounting Equation. Also required to Show the effect of

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1) You are required to analyze the transactions and discuss the effects of the transaction in Accounting Equation. Also required to Show the effect of above transactions on accounting equation and prove the accounting equation at the end. 1/October :Sara invested 50,000 in the pharmaceutical trading company. 2 Oct Factory equipment company for 1500 OMR in cash. 30ct Services were provided to customers and cash was received immediately in the amount of 150 OMR. 40ct the company offered an item worth 250000MR and received 5 00in cash from the customer and 2 0000MR on the account. 50ct Sara paid staff salaries 800and factory rent at 3 00 OMR. 6October: Sara withdrew 2000MR for her personal use. 70ctober: The company withdrew 400 cash from customers who were billed for services 8October borrowed 30000by signing the payment voucher. 9 October : buy supplies worth 3600OMR on the account. 0 October Sara paid OMR 800 for insurance. i) You are required to discuss the journalizing process based on the double entry rules for all the 10

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