Case study/Scenario analysis/ Analytical Type Questions (50 MARKS) Question No 1: (20x1 = 20 Marks) Business transactions completed by Hannah during the month of September are as follows. Pass journal entries to record the following transactions 1 September Hannah invested OMR 60,000 cash in a new sole proprietorship named HV Consulting. 2 September The Company purchased land valued at OMR 40,000 and a building valued at OMR 160,000. The purchase is paid with OMR 30,000 cash and a note payable for OMR 170,000. 3 September The Company purchased OMR 2,000 office supplies on credit. 4 September Hannah invested her personal automobile in the Company. The automobile has a value of OMR 16,500 and is to be used exclusively in the business. 5 September The Company purchased OMR 5,600 additional office equipment on credit. 6 September The Company paid OMR 200 one-week salary to an assistant. 7 September The Company provided services to a client and collected OMR 8,000 cash. 8 September The Company paid OMR 65 cash for this month's utilities. 9 September The Company paid OMR 2,000 cash to settle the account payable created in September 5 transaction. 10 September The Company purchased OMR 2,300 new office equipment by paying in cash. 11 September The Company completed services of OMR 6,250 for a client, who must pay within 30 days. 12 September The Company paid OMR 800 for cleaning service. 13 September The Company received OMR 4,000 cash in partial payment on the receivable created in September 11 transaction. 14 September Hannah withdrew OMR 2,800 cash from the Company for personal use. 15 September The Company completed a project for OMR 10,200 for a client, who must pay within 30 days. 16 September The Company collected OMR 3,100 cash as partial payment for the transaction on September 15. 17 September The Company paid OMR 1,800 cash for the premium on a 24-month insurance policy. 18 September The Company received OMR 2,250 cash as full payment for the work completed on September 11. 19 September The Company received OMR 5,000 as advance payment from customers. 20 September The Company received internet bill for OMR 300. Immediately paid OMR 100 and the remaining to be paid next month