10) olo traders has the following transactions for the month of February 2019. 9- Goods purchased and paid cash of RO 2,200                                                                        14- Paid Salaries of RO 800                                                                                      19- Paid cash of RO 2,500 to NBO for the payment of loan.                                                                       24- Paid RO 6,600 to Black traders for the goods purchased on credit.                                                                                                        Calculate and show the amount which will be transferred to Others column of Cash payments book for the month of February 2019? a. RO 12,100 b. RO 5,500 c. RO 2,200 d. RO 3,300

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Topic Video
Question

10)

olo traders has the following transactions for the month of February 2019.

9- Goods purchased and paid cash of RO 2,200                                                                       

14- Paid Salaries of RO 800                                                                                     

19- Paid cash of RO 2,500 to NBO for the payment of loan.                                                                      

24- Paid RO 6,600 to Black traders for the goods purchased on credit.                                                       

                                               

Calculate and show the amount which will be transferred to Others column of Cash payments book for the month of February 2019?
a.
RO 12,100
b.
RO 5,500
c.
RO 2,200
d.
RO 3,300
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Accounting Equation
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education