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Case Study The transactions related to AMT Engineering Consultants for the year ended 31 December 2020 is provided herewith. You are required to enter these

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Case Study The transactions related to AMT Engineering Consultants for the year ended 31" December 2020 is provided herewith. You are required to enter these transactions in journal, prepare ledger, trial balance and the year end financial statements. Event No. Transaction 6 7 8 Bought office supplies paying OMR5,000. Bought a car from Saud Bahwan for OMR10,000. The amount is paid by the issue of a bank cheque Paid the amount due to Fahmy Furniture in cash Collected OMR40,000 as advance to provide future services over a one year period starting from July 1, 2020. Received consulting revenue from a customer OMR40,000 9 10 a Case Study The transactions related to AMT Engineering Consultants for the year ended 31" December 2020 is provided herewith. You are required to enter these transactions in journal, prepare ledger, trial balance and the year end financial statements. Event No. Transaction 1 AMT Engineering acquired OMR 100,000 by issue of Common Stock. 2 The owner took OMR 50,000 as loan from Bank Muscat. 3 Opened an account in Bank Muscat (Current Account). An amount of OMR50,000 deposited into the account. 4 Rented an office. An advance of OMR 12,000 is paid by issue of a bank cheque 5 Purchased office furniture OMR5,000 on credit from Fahmy Furnitures. 6 Bought office supplies paying OMR5,000. 7 Bought a car from Saud Bahwan for OMR10,000. The amount is paid by the issue of a bank cheque 8 Paid the amount due to Fahmy Furniture in cash 9 Collected OMR 40,000 as advance to provide future services over a one year period starting from July 1, 2020. 10 Received consulting revenue from a customer OMR40,000

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