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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, tral bulance and the year end financial statement Event No 1 2 3 4 5 6 7 Tranaction AMT Engineering acquired OMR 100,000 by ince of Common Stock The owner took OMR 50,000 as boan from Bank Muncut Opened an account in Hank Muscat (Current Account). An amount of OMR50,000 deposited into the account Rented an office, An advance of OMR12.000 is paid by sense of a bank choque Purchased office furniture OMR5,000 on credit from Fahmy Furnitures Bought office supplies paying OMR5.000 Bought a car from Sand Buhwan for OMR 10,000. The amount is paid by the se of a bank cheque Paid the amount due to Fahmy Furniture in cash Collected OMR40,000 as advance to provide future services over acne your period starting from July 1, 2020 Received consulting revenue from a customer OMR 40,000 Praid OMR30,000 as salaries to the staff Paid utilities charges OMR 400 Traveling expenses paid OMR 100 . 10 11 12 13 14 15 16 17 Received OMR25 000 us conulting revenue from MM Projects Paid OMR500 towards insurance premium. The premium is paid for one year, starting from 1 July 2020 Office upplies purchased on account OMR2,000 Bought computers for office OMR 1.500 Provided consulting service account OMR 10,000 Interest on loan paid OMR 750 Purchased and paying OMR100,000 Dividend paid OMR10,000 Received OMR5,000 from account receivable 19 20 21 22 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. Eva Norma 1AMT OMR0.00 Stack The OMR 50.000. Mest Onoda Muca Acom OMES Remedies who $ Parched for More ghet OMS 7 glow Sand OMRI. They . COM pred 1.300 10 Review, 11 OMO Pudiche OMR 1) Twingo OMRO 14 Reserved.com 15 PM Thumped from you. 16 Offers 17 Beh OM. 18 Premio OM 10.30 19 OM 30 Pardo 21 Dividendid 10.000 22 Red OMRS000 Adjustment 1. Salary paid only for 10 months. 2. A physical examination of supplies revealed that supplies worth OMR2,000 are currently available for future use. 3. Insurance premium is paid from 1 July 2020 4. Interest due on loan OMR2,000 5. As of December 31, 2020, AMT Engineering had earned OMR 20,000 of the OMR40,000 received in Event 9. 6. The advance rent is paid for one year starting from July, 2020

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