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Question No 1: (20 x 1 = 20 Marks) Ghadeer opens a web consulting business called LinkWork and completes the following transactions in its first

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Question No 1: (20 x 1 = 20 Marks) Ghadeer opens a web consulting business called LinkWork and completes the following transactions in its first month of operations, April 2020. Pass journal entries to record the following transactions 1 April Ghadeer invests OMR 80,000 cash in the Company. 2 April The Company prepaid OMR 9,000 cash for twelve months' rent for office space. 3 April The Company made credit purchases for OMR 8,000 in office equipment and OMR 3,600 in office supplies. 4 April The Company completed services for a client and immediately received OMR 4,000 cash. 5 April The Company completed a OMR 6,000 project for a client, who must pay within 30 days. 6 April The Company paid OMR 11,600 cash to settle the account payable created on April 3. 7 April The Company received OMR 4,400 cash as partial payment for the work completed on April 5. 8 April The Company completed work for another client for OMR 2,890 on credit. 9 April Ghadeer withdrew OMR 5,500 cash from the Company for personal use. 10 April The Company purchased OMR 600 of additional office supplies on credit. 11 April The Company received bill for this month's utility, OMR 435. Immediately paid OMR 200 and the remaining was deferred until next month. 12 April The Company billed a customer OMR 2,700 as fees for services provided. 13 April The Company paid OMR 1,225 cash for wages. 14 April The Company collected OMR 1,125 cash as partial payment for the account receivable created in April 8. 15 April The Company paid OMR 250 cash for the office secretary's wages. 16 April The Company received OMR 10,000 from a customer as advance payment for services. 17 April Ghadeer invested additional OMR 30,000 cash in the Company. 18 April The Company collected OMR 2,700 cash from credit customers of April 12. 19 April Paid the office supplies bought on April 10. 20 April The Company completed work for a client and immediately received OMR 3,400 cash

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