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6 14 ASSIGNMENT Total: 15 Marks 1. The following transactions are taken from the books of Mr. Salim for the month of August 2020. Aug 1 Mr. Salim started the business by investing OMR 25,000 in Cash. 2 Purchased Furniture by cash OMR 10,000. 4 The company purchased Plant and machinery from XY Automobile for OMR 25,000. Paid OMR 10,000 immediately and the balance will be paid in the future. The business paid for the insurance covering full year amount OMR 3.000 Business provided services to customer by collecting cash OMR 6000. 23 Mr. Salim earned OMR 3500 in revenue from the customer for service provided. Received OMR 1000 the customer agreed to pay remaining amount later. 25 Mr. Salim paid remaining balance (OMR15000) to XYZ Automobiles. 27 Mr. Salim paid the rent of the building OMR 5000 30 Mr. Salim paid stationary expenses OMR 1,700 30 Received the remaining balance of cash from the customer who previously billed for the service provided and paid partially on 23rd August 2020. 31 Mr. Salim withdrawn cash OMR 350 for his personal use. Required: Prepare Journal Entries, Ledger Accounts and Unadjusted Trial Balance