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Lab Exercise 5: Create Company, required ledger accounts and vouchers for the following transactions. 8 Jan 2022 I. Salim commenced a business named Salim Trading,at ibri souk, by Contributing cash of RO.20,000 (receipt No. 001) and deposited into the 2 002). 3 Bought furniture RO.5,500,cheque No. 00301. Bought motor vehicle RO.7,700, cheque No. 00302. Bought furniture from Supplies Ltd. on credit for RO.1,100. 9 Purchased goods for resale for cash RO.550, cheque No. 00303. Bank Muscat Borrowed RO.5,000 from Pink (receipt No. 10 Purchased goods on credit from Sameer for RO.3,300, invoice No. 60. 11 Sold goods for cash RO.660. Sold goods on credit to Badar for RO.2,200, invoice No. 1001. 14 Badar returned RO.550 worth of goods, credit note No. 10. 15 Returned goods to Sameer for RO.440, debit note No. 99 16 The owner Salim withdrew goods worth RO.220 for his private use. 17 Sold goods to Nasir for RO.880, invoice No. 1002. 18 Purchased goods from Dalal RO.660, invoice No. 58. 19 Paid RO.1,990 to Sameer (cheque No. 00304) and received discount RO.110. 21 25 30 Received K895 from Badar (receipt No. 003) and allowed discount RO.55. Paid for insurance premium RO.1,320, cheque No. 00305. Paid for rent RO.550 and wages RO.125, cheque No. 00306.