Question No 5: The following are the Balances of Elegant Trading Co. LLC, Salalah as on December 31, 2018. Account Title Account Title Amounts in OMR 250,000 Amounts in OMR 496,450 Sales Share Capital Land and Buildings 120,000 Salaries and wages 79,200 Stock on 1 Jan 2018 Motor expenses 7,750 26,550 265,550 Purchases Interest Received 22,500 161,000 Rent Revenue 6,000 Machinery Accounts Payables Accounts Receivables 199,200 General expenses 6,950 256,000 Telephone charges 6,500 53,000 Traveling expenses 7,500 Bank Loan Cash at bank 68,000 Insurance 11,950 Water and electricity 10,200 Additional Information: (A) Charge depreciation on Machinery at 15%; and on Land & Buildings at 25%. (B) Rent due but not yet received OMR 4,400 (C) Outstanding insurance expense OMR 1,920 (D) Stock on hand on 31 December 2016 is OMR 16,800 (E) Telephone charges are prepaid to the extent of OMR 1,500 You are required create a spread sheet for Trial Balance, Adjustments and Adjusted Trial Balance. Create a spread sheet for Extended Trial balance showing Income statement and balance. (4 Marks)