On 1/1/2019, the rebate on bills discounted account of bank sohar showed a credit balance of OMR 100,000. On 31/12/2019, the discount account showed a credit balance of OMR 1,500,000 before adjusting unexpired discount. The bills discounted outstanding on 31/12/2019 were OMR 20,000,000 with a maturity date of January 31/1/2020. They were discounted at 12% p.a.

Write adjustment entries and relevant ledger accounts to record these items and also show how these items will appear in the final accounts of the bank