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Best regards Abo Mohammed

Omar was studying in the Business Department of Ibra College of Technology. After completion of his study, he started an accounting consulting firm in in Wadi A-tayeen, The following transactions were completed during January 2020: January 1. Started the business with OMR 15,000 cash, and furniture worth OMR 2,500 3. Performed accounting services for clients, OMR 800, received 30% of the amount and balance to be received at a later date. 4. Borrowed money from Bank Muscat OMR 3,000. 5. Received 50% of the balance due from clients on January 31d. 16. Purchased computer from Sur Technologies for OMR 3,200, paid 50% down, balance in 30 days. 17. Bank charges OMR 200 against loan. 18. Paid salary OMR 400, rent 450 and electricity charges OMR 300 19. Paid full amount to Sur Technologies. Question No. 5 Required: a. Prepare the journal entries to record the above transactions. Use the journal provided below. Narration is required. Provide journal page. (5 marks) b. Post the journal entries to the ledgers. Use the ledgers given. Provide Account Numbers. (5 marks) a) Journal Entries Date Particular's L.F No Debit Credit b) Ledgers Debit (Dr.) Credit (Cr.) Particulars J.F. Date Particulars J.F. Amount Date Amount Debit (Dr.) Credit (Cr.) Question No. 6 Using the information in case no. 4, prepare the unadjusted trial balance of Omar Accounting Firm on 31st December 2019. (5 marks) UNADJUSTED TRIAL BALANCE (5 Marks) Particulars Debit Credit