Case 2. Suppose you are the accountant of Oman Cement Company, there was an opening balance of office supplies OMR 900 on 1" January 2019. On Ist of April 2019, the Company purchased office supplies costing OMR 3600. At the end of the accounting period (on 31st December 2019), the remaining supplies was only OMR 1200. Answer the following Questions (1 mark each) a. Name the adjusting entry related to this transaction and pass entry to record the transaction b. How will you define this adjusting entry in a single sentence? c. Which accounting concept is most applicable to this adjusting entry? d. How this amount is to be shown in balance sheet/ Income statement? e. How it will affect the financial statements if this entry is not passed