Assignment 1. Rashid was studying in IT department of Ibra College of Technology, after completion of his study he started a IT consulting firm in Ibra, The following transactions were completed during January 2020: January 1. Started the business with OMR 10,000 cash and Furniture's worth OMR 1,200. 3. Bought stationary OMR 500 from Ibra Furniture Mart on account 8. Paid travelling expenses OMR 50 10. Purchase furniture for OMR 5000 and paid only OMR 2000. 12. Performed IT services for clients, OMR 500, received 15% of the amount and balance will receive later. 13. Paid Commission OMR 500 14. Paid the amount of Ibra furniture due amount dated on January 3 2020. 15. Rent paid in advance for 10 months OMR 1000 18. Collected the 50% of amount due for the services performed on January 12h2020. 24. Paid Salary OMR 250 and Withdrew OMR 200 for personal use. 31. Paid rent OMR 150. Adjustment 1. Rent incurred for 2 months 2. Salary Unpaid OMR 1000 Required: 1) Prepare the journal entries to record the above transactions. Use the journal provided below. Narration is required. Provide journal page. 2) Post the journal entries to the ledgers. Use the ledgers given. Provide Account Numbers. 3) Prepare the unadjusted trial balance. Use the table given. 4) Prepare adjusting entry 5) Prepare adjusted trial balance