A company purchase supplies and pays OMR 1,300 in cash, the journal entry will include. O a. Debit Supplies OMR 1,300 and credit Accounts Payable OMR 1,300. O b. Debit Supplies OMR 1,300 and credit Cash OMR 1,300 O C. Debit Accounts Payable OMR 1,300 and credit Supplies OMR 1,300. O d. Debit Cash OMR 1,300 and credit Supplies OMR 1,300. True Value is a company providing cleaning services to customers amounting to OMR 4,500 on credit, journal entry shall be. O a. Debit Cash OMR 4,500 and credit Service Revenues OMR 4,500. O b. Debit Service Revenues OMR 4,500 and credit Accounts Receivable OMR 4,500. c. Debit Service Revenues OMR 4,500 and credit Cash OMR 4,500. O d. Debit Accounts Receivable OMR 4,500 and credit Service Revenues OMR 4,500.
A company purchase supplies and pays OMR 1,300 in cash, the journal entry will include. O a. Debit Supplies OMR 1,300 and credit Accounts Payable OMR 1,300. O b. Debit Supplies OMR 1,300 and credit Cash OMR 1,300 O C. Debit Accounts Payable OMR 1,300 and credit Supplies OMR 1,300. O d. Debit Cash OMR 1,300 and credit Supplies OMR 1,300. True Value is a company providing cleaning services to customers amounting to OMR 4,500 on credit, journal entry shall be. O a. Debit Cash OMR 4,500 and credit Service Revenues OMR 4,500. O b. Debit Service Revenues OMR 4,500 and credit Accounts Receivable OMR 4,500. c. Debit Service Revenues OMR 4,500 and credit Cash OMR 4,500. O d. Debit Accounts Receivable OMR 4,500 and credit Service Revenues OMR 4,500.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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