Feb 1: Feb 2: Question No 2: (10 Marks) Mr. Abdullah from Salalah is a sole trader, engaged in a trading business. He started this business in Salalah in the year 2012 with a capital of OMR 100,000. In the year 2014, he expanded the business in other locations in Dhofar Governate. The business was quite successful running in profits in all these years. With the development of the business, many payments are made and received through cheques. To record daily cash and cheque transactions of the business he uses a three-column cash book. You as an accountant in his business required to prepare three-column cash book for February 2020. February month transactions are given below: Balance of cash OMR 45,000 and a bank overdraft in Bank (HBL) OMR 12,000. Received a cheque of OMR 2,900 from Mr. Hatem in full settlement of his account OMR 2,990. Paid into the bank OMR 5,000 Feb. 4: Cash sales of OMR 63,400 Feb 5: Withdraw from the bank for office use OMR 5,000 Sold goods on account to Mr. Sameer OMR 10,000 subject to 10% trade discount Feb 7: Received a cheque from Mr. Abdullah OMR 7,000 subject to 5% cash discount Paid into bank Mr. Abdullah's cheque. Feb 9: Cash purchases OMR 30,500. Feb 10: Paid to Octal Company by cheque OMR 9,800 with discount allowed by Octal OMR 200. Feb. 11: Deposited Hatem's cheque into the bank. Drew a cheque for OMR 800 for personal use. Feb 3: Feb 6: Feb 8: ALAM NATIONWIMEVERIACA Feb. 12: MICYEAR 2018-2019 Feb. 13: Feb. 14: Paid commission to Lulu group by cheque OMR 200 Paid for electricity and water bills by cash OMR 100 Issued a cheque for OMR 5,500 to Mr. Abdulnazar in full settlement of his Feb. 15: account OMR 5,550. Feb 16: Paid for stationery OMR 120 by cheque. Purchases on account from Kabeer Traders OMR 15,000 Feb 17: Feb 18: Drew cash for OMR 800 for personal use. Cash advance of OMR 4000 from customer Nizwa Traders. Feb 19: Feb 20: Issued a cheque for 14,900 to Kabeer Trader in full settlement. Deposited cash into bank OMR 1,000. Feb. 21: Feb 22: Purchased goods from Muscat Traders by cheque OMR 3,000. Paid Telephone charges OMR 105. Feb 23: Feb. 26: Withdrew cash OMR 3,000 from the bank for personal use Feb. 27: Feb. 28: Purchased Government Bonds for OMR 7,000 Gave a cheque to Muscat Media for Advertisement OMR 400 Sold goods to Kimjee group on account OMR 4,000 Received cash OMR 2,500 from Jawahir in full settlement of due amount Feb. 28: Feb. 29: OMR. 2,600. EXAMINATIONSEME Feb. 29: Paid salaries OMR 2,000 in cash