Ibra Co. purchased advertising supplies costing OMR 50,000 on May 7. An inventory count at the close of business on May 31 reveals that OMR 20,000 of the advertising supplies are still on hand. The :adjustment entry will be اخترأحد الخیارات a. None of the answers are correct b. DEBIT Advertising supplies expenses OMR 30,000 and CREDIT Inventory OMR 30,000 c. DEBIT Advertising supplies OMR 20,000 and CREDIT Advertising supplies expenses OMR 20,000

Ibra Co. purchased advertising supplies costing OMR 50,000 on May 7. An inventory count at the close of business on May 31 reveals that OMR 20,000 of the advertising supplies are still on hand. The :adjustment entry will be اخترأحد الخیارات a. None of the answers are correct b. DEBIT Advertising supplies expenses OMR 30,000 and CREDIT Inventory OMR 30,000 c. DEBIT Advertising supplies OMR 20,000 and CREDIT Advertising supplies expenses OMR 20,000

Name: Ibra Co. purchased advertising suppliescosting OMR 50,000 on May 7. A
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Description: Ibra Co. purchased advertising suppliescosting OMR 50,000 on May 7. Aninventory count at the close of business onMay 31 reveals that OMR 20,000 of theadvertising supplies are still on hand. The:adjustment entry will beاخترأحد الخياراتa. None of the

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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