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
Related questions
Question
100%

Transcribed Image Text:Clear my choice
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.
of
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.
tion
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, t
journal entry shall be.
Debit Cash OMR 4,500 and credit Service Revenues OMR 4,500.
O a.
O b. Debit Service Revenues OMR 4,500 and credit Accounts Receivable OMR 4,500.
on
O c. Debit Service Revenues OMR 4,500 and credit Cash OMR 4,500.
Od. Debit Accounts Receivable OMR 4,500 and credit Service Revenues OMR 4,500.
Which nf +he following accountc will aot nffoctod whancach ic rocavod from calo mado on 2ccount in
here to search
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps

Knowledge Booster
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.Recommended textbooks for you


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON

Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education

Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education