ASSIGNMENT PRINCIPLES OF ACCOUNTING Given below are the transactions related to Khalid Enterprises for the month of March 2022. Date March 2022, 1 Transactions Mr. Khalid is the proprietor started business with (i) cash 50,000 and (ii) Machinery 25,000 3 Purchased Land for OMR 30,000 and paid OMR 20,000 in cash and remaining amount to be paid soon. OMR 4 Borrow money from Bank Dhofar 7,500 5 Purchased goods for cash 12,750 6 Purchased furniture for office purposes 450 7 Cash Sales 6,000 8 Paid advertising expenses 150 9 Purchased stationery for office use 120 10 Purchased goods from PQR & Company 15,000 11 Sold goods on credit from Ruwi Trading Company 15,000 12 Paid telephone charge 300 14 Paid the remaining OMR 10,000 for the land bought on 3rd March 15 Paid rent 17 Interest received 22 Sold goods to Mr. Ibrahim for Cash 25 Paid Salary to Employees 26 Mr. Khalid withdraw cash for personal use YOU ARE REQUIRED TO PREPARE: A. Journal Book B. Ledger Accounts C. Trial Balance 450 900 9,000 900 750