1. Mr. Mohammed has opened a Manpower Consultancy on January 1, 2020. During the first month of operations the following transactions have occurred.

1. Performed services for customers. At January 31, OMR2,000 of such services was earned but not yet recorded.
2. Utility expenses incurred but not paid prior to January 31 totalled OMR 550.
3. Purchased equipment on January 1 for OMR 40,000, paying OMR 13,000 in cash and signing a OMR 17,000, 4-year note payable. The equipment depreciates OMR 500 per month.

Instruction: Prepare the adjusting entries on January 31

11.Said Company established a petty cash fund on March 1, cashing a check for OMR 100. The company reimbursed the fund on June 1 and July 1 with the following results.

• April 1: Cash in fund OMR 4.5. Receipts: delivery expense OMR 29.75; postage expense OMR 42.00; and miscellaneous expense OMR 20.00.
• May 1: Cash in fund OMR 2.25. Receipts: delivery expense OMR 22.00; entertainment expense OMR 45.00; and miscellaneous expense OMR 30.75.
• On May 10, Said increased the fund from OMR 100 to OMR 200.

Instruction: Prepare journal entries for Said Company for March 1, April 1 ,May 1 ,and May 10

111.Presented below are transactions related to Star Company.

1. On June 4, Star Company sold OMR670,000 of merchandise to Ahmed Co., terms 2/10, n/30, FOB shipping point. The cost of the merchandise sold was OMR450,000.
2. On June 9, Ahmed Co. was granted an allowance of OMR30,000 for merchandise purchased on June 4.
3. On June 14, Star Company received the balance due from Ahmed Co.

Instructions:

1. Prepare the journal entries to record these transactions on Star Company records. using a perpetual inventory system.

Assume that Star Company received the balance due from Ahmed Co. on July 2 of the following year instead of June 14. Prepare the journal entry to record the receipt of payment on July 2