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Sales Purchases Wages Rent January February March April May June July 898,000 622,000 800,000 952,000 758,000 850,000 900,000 624,000 825,000 528,000 731,000 825,000 829,000 860,000

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Sales Purchases Wages Rent January February March April May June July 898,000 622,000 800,000 952,000 758,000 850,000 900,000 624,000 825,000 528,000 731,000 825,000 829,000 860,000 96,800 89,000 67,200 79,500 89,000 89,000 90,500 30,100 30,100 30,100 35,500 35,500 35,500 40,100 Operating Expenses 93,100 33,100 83,100 23,500 63,500 93,500 120,100 Additional Information: (A) Advance payment of income tax is to be made in July OMR 4,000. (B) 50,000 Equity shares of OMR 1 each were issued on 1st April at 25% Premium. (C) 20% of purchases are in cash terms. Remaining credit purchases are paid in the second month (D) 10% of sales are in cash terms. Remaining credit sales are collected in the second month. (E) Lag in the payment of wages - one month. (F) 25% of the Rent is paid in the subsequent month and balance Rent is paid in the month it concern (G) Lag in the payment of operating expenses is one month. (H) During April the company sold an item of old furniture costing OMR6,000 for OMR 4,000. However, in June the company received cash against the sale of old furniture, You are required to construct a three column cash book for the month of February 2020

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