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Based on the information provided, you are required to: Prepare a horizontal financial statement. Journal 3. Ledger 4. Trial Balance 5.Income Statement, Balance Sheet and

Based on the information provided, you are required to:

  1. Prepare a horizontal financial statement.
  2. Journal

3. Ledger

4.Trial Balance

5.Income Statement, Balance Sheet and Cashflow Statement

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image text in transcribed
Case Study The transactions related to AMT Engineering Consultants for the year ended December 31, 2022 are provided herewith. You are required to enter these transactions in the journal and prepare the ledger, trial balance and year-end financial statements. Adjustment 1. Salary paid only for 10 months. 2. A physical examination revealed that supplies worth OMR2,000 are currently available for future use. 3. The insurance premium is paid for one year, starting from July 12022 4. Interest on the loan is unpaid (The company took a loan OMR50,000 on March 1, 2022. The rate of interest is 4.5% per annum) 5. As of December 31, 2022, AMT Engineering had earned OMR20,000 of the OMR40,000 received in Event 9 . 6. The advance rent is paid for one year starting July 1, 2022

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