Use the Following information for the Question Numbers 5 to 10. Mr. Ali the owner of a business in Muscat; incorporates as Software Programming Company that specialises in providing computer programming services and selling computer devices and accessories. The business has been established on 1st July 2019 without having specialized accounting department or system. However, at the end of July the business faces major difficulties and misunderstanding of the process of recording and journalizing the relevant economic transactions that have been done during the first month in an appropriate and standardized way. In this case you are required to handle some financial problems that Mr. Ali has provided you with the following transactions: July 1. Mr. Ali The owner invests OMR 110,000 cash in the business. July 2. The business purchased office equipment for OMR 45,000 cash. With annual depreciation of 10% for the next 10 years with no expected salvage value. July 3. The business purchased for OMR 3,600 on account from a Supply Company computer paper and other supplies expected to last for several months. July 5. The business provided OMR 14,000 of programming and maintenance services for a customer. It received cash of OMR 7,000, and it billed the balance of OMR 7,000 on account. July 7. The business purchased computer accessories as an inventory in order to resell them. The business purchased 1000 headsets for OMR 10 each. July 10. The business paid OMR 4,000 from the purchases due balance for the supplier. July 15. The baseness purchased supplies OMR 8,000 in cash. July 20. The business sold 550 units for customers for OMR 20 each. July 23. The business received OMR 5,500 of the sales due balance from the customers. July 27. Mr. Ali withdrawn OMR 1,600 cash from the business for his personal use. July 28. The business hired a new secretary with basic salary of OMR 650. July 29. The business received OMR 4,500 for programming services that will provide during the next 3 months. July 30. The business paid the following expenses in cash for July: Store rent OMR 1,000, salaries and wages of employees OMR 3,400. July 31. The business purchased a 6-month insurance policy for OMR 1,800 July 31. Received and paid the electricity and other utilities bills of OMR 1,100. From the above transaction you are required to prepare: 5. Analyze the transaction by using accounting equation. (0.5 Mark*13 = 6.5 marks) 6. Prepare the Journal entries for the month of July. (0.25 for each account= 7 marks) 7. Post the entries and calculate the balances. (0.5 Mark*13 = 6.5 marks) 8. Use the balances to prepare the unadjusted trial Balance. (7 marks) 9. After completing the Unadjusted trial balance use the below information to prepare the Adjusted Trial Balance. (10 Marks) Additional information a. Insurance expense for the month, OMR 300. b. Office supplies at the end of the month 2,300. c. Unearned revenue of OMR 2,000 was earned at the end of the month. d. Office equipments has a useful life of 10 years with no expected salvage value. e. The earned revenue not recorded at the end of the month OMR 3,250. 10. Use the adjusted Trial Balance to prepare Income statement, statement of owners equity and statement of financial Position. (8 marks)