Additional Information: 1. Wages are paid each month of OMR 2000, which are paid in month that they are incurred 2. 40% of the Sales are on credit - and we allow one - month credit period - and 60% of The sales for immediate settlement 3. Half of the Purchases are on credit - and 1 month credit period - and half are for immediate settlement 4. The balance at the bank as at 31st December 2019 was OMR 8000 What will be the Closing balance of cash on March, 2020? Select one: a. None of the options b. OMR 6800 c. OMR 6900 d. OMR 6200
Additional Information: 1. Wages are paid each month of OMR 2000, which are paid in month that they are incurred 2. 40% of the Sales are on credit - and we allow one - month credit period - and 60% of The sales for immediate settlement 3. Half of the Purchases are on credit - and 1 month credit period - and half are for immediate settlement 4. The balance at the bank as at 31st December 2019 was OMR 8000 What will be the Closing balance of cash on March, 2020? Select one: a. None of the options b. OMR 6800 c. OMR 6900 d. OMR 6200
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter14: Financing Liabilities: Bonds And Long-term Notes Payable
Section: Chapter Questions
Problem 12E: On October 1, 2019, Ball Company issued 9% bonds dated October 1, 2019, with a face amount of...
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Additional Information:
1. Wages are paid each month of OMR 2000, which are paid in month that they are incurred
2. 40% of the Sales are on credit - and we allow one - month credit period - and 60% of The sales for immediate settlement
3. Half of the Purchases are on credit - and 1 month credit period - and half are for immediate settlement
4. The balance at the bank as at 31st December 2019 was OMR 8000 What will be the Closing balance of cash on March, 2020? Select one:
a. None of the options
b. OMR 6800
c. OMR 6900
d. OMR 6200
![The following sales are expected/2
over the Four-month period from
December 2019 to Mar 2020
Purchases
Sales
Dec-
OMR 30000 OMR 26000
2019
Jan-
OMR 25000 OMR 30000
2020
Feb-
OMR 24000 OMR 24000
2020
Mar-
OMR 26000 OMR 28000
2020
< o O](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F67ebda12-4743-47b6-a418-19bb60d1da3d%2F101f5670-a3fe-4b53-a2fb-b181ab3afc10%2Fd4z009d_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The following sales are expected/2
over the Four-month period from
December 2019 to Mar 2020
Purchases
Sales
Dec-
OMR 30000 OMR 26000
2019
Jan-
OMR 25000 OMR 30000
2020
Feb-
OMR 24000 OMR 24000
2020
Mar-
OMR 26000 OMR 28000
2020
< o O
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