1. Mr. Ahmed Started a new repair shop business on 1^st March 2019, the following events and transactions occurred during the first month of operations.

1. Ahmed invested OMR30,000 cash in the business.

4. Purchased land costing OMR10,000 for cash.

8. Incurred advertising expense of OMR2,000 on account.

11. Paid salaries to employees OMR1,500.

12. Purchased office supplies costing OMR 4000 for cash

13. Paid OMR1,000 cash for electricity bill.

17. Withdrew OMR1,500 cash for personal use.

20. Provided services to customers on account OMR4000

25. Received OMR8,000 cash for services provided to customers

27. Paid OMR1,000 on balance owed for advertising incurred on March 8^th.

30. Received OMR 2000 from customers for services provided on March 20^th on account.

Instructions: Prepare a tabular form of Accounting Equation and enter the above transactions in the accounting equation.

2. Selected transactions from the journal of Faroq Traders are presented below.

Date	Account title	REF	Debit	Credit
June 1	Cash Farooq, Capital		10,000	10,000
8	Cash Service Revenue		4,000	4,000
10	Account Receivable Service Revenue		6,000	6,000
16	Cash Account Receivable		2,000	2,000

Instructions:

a. Post the Transactions to T-Account

b. Prepare a Trial Balance