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Muscat company purchased office equipment for OMR 10,000 and office supplies of OMR 2,000 on the account. Which of the following journal entries is recorded correctly and in the standard format? Select one: O a. None of the answers are correct Ob. Office Supplies... 10,000 Office Equipment. 10,000 O c. Office Equipment. Account Payable.. 12,000 12,000 O d. Office Equipment.. 10,000 2,000 Office Supplies.. Accounts Payable. 12,000 O e. No entry-not a transaction.

Muscat company purchased office equipment for OMR 10,000 and office supplies of OMR 2,000 on the account. Which of the following journal entries is recorded correctly and in the standard format? Select one: O a. None of the answers are correct Ob. Office Supplies... 10,000 Office Equipment. 10,000 O c. Office Equipment. Account Payable.. 12,000 12,000 O d. Office Equipment.. 10,000 2,000 Office Supplies.. Accounts Payable. 12,000 O e. No entry-not a transaction.

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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Muscat company purchased office equipment for OMR 10,000 and office supplies of OMR 2,000 on the account. Which of the following journal entries is recorded correctly and in the standard format? Select one: O a. None of the answers are correct O b. Office Supplies.. 10,000 Office Equipment.. 10,000 O c. Office Equipment.. 12,000 Account Payable.. 12,000 O d. Office Equipment. 10,000 2,000 12,000 Office Supplies. Accounts Payable. O e. No entry-not a transaction.
Transcribed Image Text:Muscat company purchased office equipment for OMR 10,000 and office supplies of OMR 2,000 on the account. Which of the following journal entries is recorded correctly and in the standard format? Select one: O a. None of the answers are correct O b. Office Supplies.. 10,000 Office Equipment.. 10,000 O c. Office Equipment.. 12,000 Account Payable.. 12,000 O d. Office Equipment. 10,000 2,000 12,000 Office Supplies. Accounts Payable. O e. No entry-not a transaction.
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