Case study/Scenario analysis/ Analytical Type Questions (50 MARKS) Question No 1: (20x1 = 20 Marks) On April 1, Maryam established Maryam's Travel Agency. The following transactions were completed during the month: Pass journal entries to record the following transactions 1 April Invested OMR 15,000 cash to start the agency. 2 April Paid OMR 600 cash for April office rent. 3 April Purchased equipment for OMR 3,000 cash. 4 April Incurred OMR 700 of advertising costs in Oman Times, on account. 5 April Paid OMR 900 cash for office supplies. 6 April Performed services worth OMR 10,000: OMR 3,000 cash is received from customers, and the balance of OMR 7,000 is billed to customers on account. 7 April Withdrew OMR 600 cash for personal use. 8 April Paid Oman Times OMR 500 of the amount due in transaction on 4 April. 9 April Paid employees' salaries OMR 2,500. 10 April Received OMR 4,000 in cash from customers who have previously been billed in transaction in April 6. 11 April Purchased computers for OMR 15,000 from Data Bytes on account. 12 April Paid OMR 3,000 cash for May rent on storage space. 13 April Received OMR 12,000 cash from customers for contracts billed in March. 14 April Performed travel services for Magic Company for OMR 2,500 cash. 15 April Paid Shell Power Company OMR 1,000 cash for gasoline usage in March 16 April Maryam invested an additional bus worth OMR 25,000 in the business. 17 April Paid Data Bytes for the computers purchased in April 11. 18 April Incurred advertising expense for April of OMR 900 on account. 19 April Received OMR 5,000 from customers as advance payment for travel services next month. 20 April Paid 6-month insurance to Muscat Insurance Company, OMR 600