Business purchased Equipment for OMR 16,000 on 1st July 2019, with an expected useful life of 10 years. The estimated residual value is OMR 1,600. Ascertain depreciation expenses of Equipment for the year ended on 31st December 2019 and also pass the adjusting journal entry for the depreciation. The business purchased an insurance policy of OMR 1,200, valid for one full year on 1st October 2019. Pass adjusting journal entry for the prepaid insurance on 31st December 2019. Pass the adjusting journal entry for Accrued Wages of the business on 31st December 2019 from the following information. Wage for a day is OMR 90; As on 31st December Wages were unpaid for 5 working days. Business received an advance of OMR 2,400, on 1st September 2019 from a customer for service to be delivered in equal monthly installments, for one year. Pass the adjusting journal entry for Unearned Revenue of the business on 31st December 2019.