Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
I want the statement of Cash flow for all the transaction in detailed (Type of cash flow, outflow or Inflow) andhow to get the final
I want the statement of Cash flow for all the transaction in detailed (Type of cash flow, outflow or Inflow) andhow to get the final answer of the statement
Instructions 1. This is a group project Exch group may cont of a maximum of 5 stadens 2. Each group needs to apport a group leader to communicate details about the group project and details of group members to the course tutor 3. The deadline for atenting the report is on 31 October 2021, the viva voice will be scheduled on 1 and 2 November 2021 4. Check the Assessment Booklet for the report format and the rateicas used to evaluate the tepert and the presentation 5. The distribution of marks is as follows Report 10 Marks Viva Voce Exam 5 Matki Case Study The transactions related to AMT Engineering Consultants for the year ended 31 December 2020 in provided herewith You are required to enter these transactions in journal perpare ledger, trial balance and the year end financial statements. Event No 1 2 3 4 5 6 7 Transaction AMT Erineering aged OMR 100.000 by issue of Commen Stock The owner took OMR 50.000 as loan from Bank Muscat Opened an account Bank Muscat (Current Account). An amount of OMR30,000 deposited into the cost Rented an office Anadiance of OMR12.000 ss paid by some of a bank cheque Perchased office fomiture OSR5,000 on credit from Fahry Furnitures Bought office aplies OMR5.000 Bought a car from Saad Balwan for ONER 10.000. The amount is paid by the issue of sur chaque Paid the amount due to Fam Furniture in cash Collected OMR 40,000 as advance to provide future services Over one year persod Barting from day 1 2030 Recerved consulting restene from a customer OMGR 40,000 Paid OMRJO 000 lases to the staff Paides stars OMRADO TORIO 3 10 12 14 15 16 17 18 Received OMR25,000 as consulting revenue from MM Projects. Paid OMR500 towards insurance premium. The premium is paid for one year, starting from 15 July 2020 Office upplies purchased on account OMR2,000 Bought computers for office OMR1,500 Provided consulting service on account OMR 10,000 Interest on loan paid OMR750 Purchased land paying OMR100,000 Dividend paid OMR10,000 Received OMR5,000 from account receivable. 19 20 21 22 Adjustment 1. Salary paid only for 10 months. 2. A physical examination of suppliet 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 OMR2,000 5. As of December 31, 2020, AMT Engineering had earned OMR 20,000 of the OMR40,000 received in Event 9. 6. The advance rent is paid for one year starting from 1 July, 2020, Instructions 1. This is a group project Exch group may cont of a maximum of 5 stadens 2. Each group needs to apport a group leader to communicate details about the group project and details of group members to the course tutor 3. The deadline for atenting the report is on 31 October 2021, the viva voice will be scheduled on 1 and 2 November 2021 4. Check the Assessment Booklet for the report format and the rateicas used to evaluate the tepert and the presentation 5. The distribution of marks is as follows Report 10 Marks Viva Voce Exam 5 Matki Case Study The transactions related to AMT Engineering Consultants for the year ended 31 December 2020 in provided herewith You are required to enter these transactions in journal perpare ledger, trial balance and the year end financial statements. Event No 1 2 3 4 5 6 7 Transaction AMT Erineering aged OMR 100.000 by issue of Commen Stock The owner took OMR 50.000 as loan from Bank Muscat Opened an account Bank Muscat (Current Account). An amount of OMR30,000 deposited into the cost Rented an office Anadiance of OMR12.000 ss paid by some of a bank cheque Perchased office fomiture OSR5,000 on credit from Fahry Furnitures Bought office aplies OMR5.000 Bought a car from Saad Balwan for ONER 10.000. The amount is paid by the issue of sur chaque Paid the amount due to Fam Furniture in cash Collected OMR 40,000 as advance to provide future services Over one year persod Barting from day 1 2030 Recerved consulting restene from a customer OMGR 40,000 Paid OMRJO 000 lases to the staff Paides stars OMRADO TORIO 3 10 12 14 15 16 17 18 Received OMR25,000 as consulting revenue from MM Projects. Paid OMR500 towards insurance premium. The premium is paid for one year, starting from 15 July 2020 Office upplies purchased on account OMR2,000 Bought computers for office OMR1,500 Provided consulting service on account OMR 10,000 Interest on loan paid OMR750 Purchased land paying OMR100,000 Dividend paid OMR10,000 Received OMR5,000 from account receivable. 19 20 21 22 Adjustment 1. Salary paid only for 10 months. 2. A physical examination of suppliet 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 OMR2,000 5. As of December 31, 2020, AMT Engineering had earned OMR 20,000 of the OMR40,000 received in Event 9. 6. The advance rent is paid for one year starting from 1 July, 2020
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/669b809841438_031669b8097d3fec.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/669b8098d932f_032669b80986c069.jpg)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started