debit side of the post-closing trial balance is: O a. RO 21,990 O b. RO 22,000 None of the options are correct d. RO 22,950 O e. RO 23,680
debit side of the post-closing trial balance is: O a. RO 21,990 O b. RO 22,000 None of the options are correct d. RO 22,950 O e. RO 23,680
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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 alt="6:04
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The post-closing trial balance of Zuhoor
Muscat Company shows the following
balances at 31 March 2021 in no particular
order: Cash RO 15,200; Accounts Receivable
RO 200; Advertising supplies RO 1,000;
Prepaid Insurance RO 550; Office Equipment
RO 5,000; Accumulated Depreciation on
Office Equipment RO 40; Notes Payable RO
5,000; Accounts Payable RO 2,500; Unearned
Revenue RO 800; Salaries Payable RO 1,200;
Interest Payable RO 50; Share Capital RO
10,000; Retained Earnings RO 2,360. The
debit side of the post-closing trial balance is:
O a.
RO 21,990
O b. RO 22,000
O c.
None of the options are correct
d. RO 22,950
O e.
RO 23,680
NEXT PAGE
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Transcribed Image Text:6:04
A elearn.squ.edu.om – Private
P Flag question
Time left 1:40:21
The post-closing trial balance of Zuhoor
Muscat Company shows the following
balances at 31 March 2021 in no particular
order: Cash RO 15,200; Accounts Receivable
RO 200; Advertising supplies RO 1,000;
Prepaid Insurance RO 550; Office Equipment
RO 5,000; Accumulated Depreciation on
Office Equipment RO 40; Notes Payable RO
5,000; Accounts Payable RO 2,500; Unearned
Revenue RO 800; Salaries Payable RO 1,200;
Interest Payable RO 50; Share Capital RO
10,000; Retained Earnings RO 2,360. The
debit side of the post-closing trial balance is:
O a.
RO 21,990
O b. RO 22,000
O c.
None of the options are correct
d. RO 22,950
O e.
RO 23,680
NEXT PAGE
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