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Q4 You are required to record all journal entries for each of the separate events. a. The opening balance on 1 January 2019, for the

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Q4 You are required to record all journal entries for each of the separate events. a. The opening balance on 1 January 2019, for the supplies is RO120. On 1 March 2019, the company purchased supplies for RO 2800 in cash. On 31 December 2014, the balance of supplies in the company is RO 580. b. On 1 January 2019, the company paid RO 5000 cash as rent expenses for two years. c. On 5 January 2019, a company paid in advance the rent of RO 16000. Rent per month is RO 1000. d. The cost of a machine is RO 95000 and has a useful life of 5 years, the company uses Straight Line method to calculate expense. Rough Work 12

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