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Task 2: introduction (3 marks) Task 3: CASE STUDY (54 marks) Salim started a new business of Electronic Games during the month of January
Task 2: introduction (3 marks) Task 3: CASE STUDY (54 marks) Salim started a new business of Electronic Games during the month of January 2022. The business name Salim's Game Center. It provides the service of selling and renting Electronic Games. He prepared the following daily transactions occurred during the month of January as follow: January 2022 Transaction details 1 Salim invested OMR 40,000 to start the business 3 He paid rent - OMR 1,500 6 He paid interior design company OMR 25,000 for decoration. 6 8 12 15 16 Salim purchased Games for business on credit from The North Supplier worth OMR 5,000 Purchased office computer and software for business use by cash worth OMR 1,300 Sold games to customers worth OMR 3,000 Rented equipment for Samhan Galary on credit worth OMR 350 Purchase an insurance policy worth OMR 800 17 Paid The North Supplier OMR 3,000 for the Games purchased on 6th October 20 Paid OMR 3,000 cash for two months' rent in advance 20 Sold games to customers worth OMR 4,000 25 Paid for advertisement OMR 1,200 26 Withdrew amount of OMR 300 for personal use. 29 31 Received the full amount from Samhan Galary. Paid salaries OMR 500 Requirements: Now that you have reviewed the case study above, respond to the following requirements on your own.
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