Question 1 Date 1.1.2020 15. 2. 20 29.3.20 Transaction Mr. Salim Ahmed started business as Ahmed Enterprise with OMR 7000 cash and Furniture valued at RO. 3000 as capital Opened Bank Account and deposited 5000 OMR Cash Purchased goods from Sharuk Traders for OMR 4500, paid 10% cash and remaining on credit Sold goods for 14000 OMR. 50% received in cash remaining on account to M/s. Muscat Enterprises Purchased building from Ansari Traders 2500 OMR , paid by cheques full amount Settled accounts of Sharuk Traders. 21.6.20 4.9.2017 9.12.20 29.12.20 Paid Salary expense 500 OMR for the month of December 20 31.12.20 Received rent revenue of 1200 OMR in cash. Required: 1. Record Journal Entries 2. Post them into the ledger accounts 3. Prepare the Trial Balance as on 31.12.2020