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Hello, could you please help me with this assignment please. TASK Oman Food Industry Company's statement of financial position at December 31, 2017, is presented

Hello, could you please help me with this assignment please. image text in transcribed
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TASK Oman Food Industry Company's statement of financial position at December 31, 2017, is presented below Oman Food Industry Company Statement of Financial Position December 31, 2017 30,000 12,730 9,400 Share capital -ordinary Accounts receivable Allowance for doubtful accounts Cash Total Assets 19,780 Retained carnings Accounts payable 8,750 (800) 23,100 51,480 Total Equity and Liabilities 51,480 Jan. 1 Oman Food industry accepted a 6-month, 5% note from Nizwa Transport Company in payment of OR 1,500 Jan. 1 The unearned rent revenue of 6,600 was received for 6 months rent. Jan. 2 Oman Food Industry purchased equipment for OR 13,000 on account. The equipment is being depreciated using the straight-line method over 5 1,000 years, with a residual value of Jan. 3 Oman Food Industry wrote off as uncollectible the accounts of Barker Corporation- OR 200 and Elmo Company Jan. 8 Oman Food Industry purchased OR 5,500 of inventory on account Jan. 10 The patent was acquired for OR 500 cash and has a useful OR 100. life of 10 years from that date. Jan. Oman Food Industry sold for OR 3,000 on account inventory that cost OR 2,500 Jan. 15 Oman Food Industry sold inventory that cost OR 120 to Mr Mohammed for OR 180 cash Jan. 17 Oman Food Industry collected OR 12,000 from customers on account. Jan. 2 Oman Food Industry paid OR 11,300 on accounts payable. Jan. 27 Oman Food Industry purchased supplies for OR 1,500 cash. Jan. 3 Oman Food Industry paid other operating expenses -OR 3,218

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