Case 2. Suppose you are the newly appointed accountant in National Trading LLC, Oman. The Company Paid Rent of the Building to Landlord on 1. 4.2020 for one Year till 31.03 2021. The Company Follows calendar year of accounting. The rental paid is 24000 per year. 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? c. How it will affect the financial statements if this entry is not passed