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Case Study:You are appointed as a junior accountant in a sole proprietor business. You are required to enter the below transactions in the books of

Case Study:You are appointed as a junior accountant in a sole proprietor business. You are required to enter the below transactions in the books of accounts by following the below assessment task:January 2 Capital invested as cash RO 85,000 to start up the businessJanuary 5 Paid RO 24000 in cash to Purchase FactoryJanuary 7 Purchase of goods on credit for RO 30000 from Kalood tradingJanuary 8 Sale of goods to Qaboos trading for cash RO 45400January 9 Paid RO 26800 liability to the Kalood tradingJanuary 11 Paid advertisement of RO 3570January 17 Paid salaries of RO 2530January 16 Paid rent RO 375 for the house of the sole traderJanuary 28 Paid Electricity RO 15000 AIAE TErTask:1 Enter the accounts in the books of original entry, the proper journal with the required format with the date, details, amount debit columns, amount credit column and narrations. (10 Marks)Task :2 Classify the transactions of similar nature under one account and prepare the ledger accounts in the required format with date, details, amount column. (10 Marks)

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