Exercises Problem 1: Muscat Star Company has the following unadjusted trial balance at 31 December 2017. Muscat Star Company Unadjusted Trial Balance 31" December 2017 Accounts Debuts (OMR Credits (OMR Cash 424.000 Prepaid Rent 28,800 Prepaid Insurance 7,600 Supplies 2,400 Office Equipment 24,000 Accumulated Depreciation Office Fuipment 51760 Automobiles 6400 Accumulated Depreciation - Automobiles 16.000 Accounts Payable Uncamned revenue 10.400 Capital 160.000 Retained Earnings, January 1 120.000 Dividends 28.000 Commissions Revenue 260.000 Service Revenge 19.000 wages Expose 199,000 Advertising Expense 2.400 Utilities Expense 14,200 Miscellaneous Expense 1,600 Total 296,000 29,000 Additional information about the business. . . Insurance expense for the year, OMR 3,800.. Supplies on hand at 31 December, OMR 1,000. Rent expense for the year, OMR 19,200. Wages accrued but not yet on December 31, OMR 15,000. Service revenues carned but not yet recorded at 31 December 2017, OMR 2,000.. Unearned revenues at December 31, is OMR 5.000. Prepare the necessary adjusting entries on 31 December 2017. B. Determine the balance of the accounts affected by the adjusting entries, and prepare the adjusted trial balance. Problem 2: Faisal Repairs and services, an electronics repair store, has the following unadjusted balance at the end of the first year. For preparing the adjusting entries, the following data were assembled: - Revenues earned but unbilled on June 30 were OMR 8.000. - Supplies on hand on June 30 were OMR 5000. Insurance expense for the year, OMR 3,800. - Unearned Revenues on June 30th were OMR 6.000. Unpaid wages accrued on June 30 were OMR 4,800