Event No. Transaction 1 2 31 4 5 6 7 Growers Manufacturing Company (CMC. bereafter acquired OMR 200:900 by issuing Common Stock Started a current account in Bank Muscat. An amount of OMR50.000 deposited into the account GMC took OMR 100,000 term term loan from Bank Muscat. As per the term of the agreement, the loan will be repaid in five annual installments. The rate of interest is 4.5% On March 1, 2000, GMC entered into an agreement with MGM Real Estate Company for renting an office building. An advance of OMR12000 is paid by cash GMC purchased office furniture OMR5,000 on code from Fahmy Furnitures GMC bought office supplies paying OMR5,000 GMC bought a car from Sand Bahwan for OMR10,000. The by the issue of a bank cheque " GMC paid the amount due to Fahmy Furnitur in ca 9 GMC purchased merchandise investory for OMR50,000 10 GMC recognized sales revenue from selling investory for CMR45,000. The cost of goods sold was OMR25,000 11 12 13 14 15 GMC paid OMR30,000 as salaries to the staff. Paid utilities charges OMR400 Traveling expenses paid OMR 100 GMC sold merchandize inventory for OMR 40,000 se HMT Trading Company on account. The cost of goods sold was OMR25,000 Paid OMR500 wands insurance premium. The premium is paid for one year starting from 1 July 2020 16 GMC 17 11 de investory worth OMR40,000 fm Global Traders, on account. The credit terms were 2/10/30 GMC returned some of the inventory purchased in Event 16. The list price of retumed merchandise was OMR 1,000 GMC paid the amount due to Global Trades within the discount period 19 Office applies purchased on account OMR2,000 20 Hought computers for office OMR1,500 21 Interest on loan paid OMR750 22 GMC paid OMR 50,000 to purchase land for a place to locate the future business. 23 Dividend paid OMR10,000 24 Received amount due from HMT Trading Company Adjustments 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 OMR4,500 5. The advance rent is paid for one year starting from 1" March, 2020