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At January 1. 2020 Zuhoor Muscat Company had supplies on hand of RO 250. During the year, Zuhoor Muscat Company purchased additional supplies for RO 2,000. A supplies count on December 31, 2020, showed RO 900 of unused supplies. The necessary adjusting entry to be prepared will include: Oa None of the options are correct. Ob Credit to Supplies RO 1,350. Oe Debit to Supplies for RO 900. Od Credit to Supplies expense RO 1,350. Oe Debit to Supplies expense RO 3,150

At January 1. 2020 Zuhoor Muscat Company had supplies on hand of RO 250. During the year, Zuhoor Muscat Company purchased additional supplies for RO 2,000. A supplies count on December 31, 2020, showed RO 900 of unused supplies. The necessary adjusting entry to be prepared will include: Oa None of the options are correct. Ob Credit to Supplies RO 1,350. Oe Debit to Supplies for RO 900. Od Credit to Supplies expense RO 1,350. Oe Debit to Supplies expense RO 3,150

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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on At January 1, 2020, Zuhoor Muscat Company had supplies on hand of RO 250. During the year, Zuhoor Muscat Company purchased additional supplies for RO2,000. A supplies count on December 31, 2020, showed RO 900 of unused supplies. The necessary adjusting entry to be prepared will include: Oa None of the options are correct. O4 Credit to Supplies RO 1,350. Oe Debit to Supplies for RO 900, Od Credit to Supplies expense RO 1,350. Oe Debit to Supplies expense RO 3,150.
Transcribed Image Text:on At January 1, 2020, Zuhoor Muscat Company had supplies on hand of RO 250. During the year, Zuhoor Muscat Company purchased additional supplies for RO2,000. A supplies count on December 31, 2020, showed RO 900 of unused supplies. The necessary adjusting entry to be prepared will include: Oa None of the options are correct. O4 Credit to Supplies RO 1,350. Oe Debit to Supplies for RO 900, Od Credit to Supplies expense RO 1,350. Oe Debit to Supplies expense RO 3,150.
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