Here are the General Journal entries. The amounts are in Omani Rial. Date - March Particulars Ref. Debit Credit 2020 1 Cash 300,000 300,000 2 Capital To record owner's capital invested in Business Cash Loans Payable To record loan obtained from OAB for the business 4 Land 100,000 100,000 50,000 50,000 Accounts Payable To record purchase of Land on credit from Mr. Ahmed Said 6 Furniture 5,000 Cash 5,000 To record purchase of Furniture by cash from Danube Furniture Accounts Receivable 8 50,000 Sales 50,000 To record sales on credit to Khuwair Car Shop 10 Purchases 10,000 Cash 10,000 To record purchase of goods for cash 14 Salaries 5,000 Cash 5,000 To record payment of salaries by cash 15 Purchases 50,000 50,000 Accounts payable To record purchase of goods on credit from AA Traders 16 Equipment 20,000 Cash 20,000 To record purchase of equipment by cash Principles of Accounting (BUSS B 1004) - Spring 20- CW 2 (Assignment) - All - 17 Accounts Payable 50,000 Cash 50,000 To record payment to Mr. Ahmed Said for purchase of land on 4" March 21 Cash 40,000 Accounts Receivable To record cash received from Khuwair Car Shop 40,000 22 Accounts Payable 10,000 Cash 10,000 To record cash paid to AA traders 23 Cash 10,000 Accounts Receivable 10,000 To record cash received from Khuwair Car Shop 24 Accounts Payable 5.000 Cash 5,000 To record cash paid to AA traders 25 Loans Payable Cash 5,000 5,000 To record cash paid to Bank as part of loan repayment 26 Cash 20,000 Sales 20,000 To record cash sales 28 3.000 Drawings Cash 3,000 e To record withdrawal by Mr. Mustafa for his personal use 31 Utility Expenses Cash 2,000 BI 2,000 To record payment made for utilities expenses To post the journal entries, you are required to use the following Ledger Account titles for the GENERAL LEDGERS: 1. Cash 2. Capital 3. Loans payable 4. Land 5. Accounts Payable 6. Furniture 7. Accounts Receivable 8. Sales 9. Purchases 10. Salaries 11. Equipment 12. Drawings 13. Utility expenses Note: All Ledger accounts must be closed. The account total and balance are required to be determined after completing all postings for all Ledger accounts