EX 2: The following transactions relate to Current Account of customer Mr Salim who has overdraft banking facilities up to OMR 50000. Interest on OD being 6% pa 1/1/2020 The balance of the current...

Extracted text: EX 2: The following transactions relate to Current Account of customer Mr Salim who has overdraft banking facilities up to OMR 50000. Interest on OD being 6% pa 1/1/2020 The balance of the current account of Mr Salim OMR 22500 11/1/2020 He deposited OMR 12500 in his current account in cash. 15/1/2020 The customer transferred an amount of OMR 40000 to the customer Ahmed, who has an account with the same bank. 25/1/2020 The customer withdraw the remaining balance of the bank facilities 30/1/2020 He deposited the required amount with interest in his current account and maintain a bank balance of OMR 5000 You are required : a. Record journal entries b. Calculate interest C. Prepare Current Account of Mr Salim 3