Muscat company purchased office equipment for R.O 10,000 and office supplies of R.O 2,000 on account. Which of the following journal entries is recorded correctly and in the standard format? Select one: O a. No entry-not a transaction. O b. Accounts Payable. Office Equipment.. Office Supplies. 12,000 10,000 2,000 O c. Office Equipment. Account Payable. Office Supplies. 10,000 12,000 ..... 2,000 O d. Office Equipment. Office Supplies. Accounts Payable.. 10,000 2,000 12,000 O e. Office Equipment. Office Supplies.. Accounts Payable.. 10,000 2,000 10,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Muscat company purchased office equipment for R.O 10,000 and office supplies of R.O 2,000 on account.
Which of the following journal entries is recorded correctly and in the standard format?
Select one:
O a. No entry-not a transaction.
O b. Accounts Payable.
Office Equipment.
Office Supplies..
12,000
.......
10,000
2,000
O c. Office Equipment.
Account Payable.
Office Supplies.
10,000
12,000
2,000
O d. Office Equipment.
Office Supplies.
Accounts Payable.
10,000
2,000
12,000
O e. Office Equipment.
Office Supplies.
Accounts Payable.
10,000
2,000
10,000
Transcribed Image Text:Muscat company purchased office equipment for R.O 10,000 and office supplies of R.O 2,000 on account. Which of the following journal entries is recorded correctly and in the standard format? Select one: O a. No entry-not a transaction. O b. Accounts Payable. Office Equipment. Office Supplies.. 12,000 ....... 10,000 2,000 O c. Office Equipment. Account Payable. Office Supplies. 10,000 12,000 2,000 O d. Office Equipment. Office Supplies. Accounts Payable. 10,000 2,000 12,000 O e. Office Equipment. Office Supplies. Accounts Payable. 10,000 2,000 10,000
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