On 5 December 2020, Salalah Trading company sold goods to a customer on account for 37800 OMR. Which of the following is the correct journal entry for the transaction? Select one: O A. Date Accounts Debit Credit (RO) (RO) Receivable 37800 05.12.2020 Sales 37800 (Revenue) О в. Date Accounts Debit Credit (RO) (RO) Cash 37800 |05.12.202이 Sales (Revenue) 37800 Date Accounts Debit Credit (RO) (RO) Sales (Revenue) 37800 05.12.202아 Receivable 37800 D. Date Accounts Debit Credit (RO) (RO) Receivable 73800 05.12.2020 Sales 73800 (Revenuel
On 5 December 2020, Salalah Trading company sold goods to a customer on account for 37800 OMR. Which of the following is the correct journal entry for the transaction? Select one: O A. Date Accounts Debit Credit (RO) (RO) Receivable 37800 05.12.2020 Sales 37800 (Revenue) О в. Date Accounts Debit Credit (RO) (RO) Cash 37800 |05.12.202이 Sales (Revenue) 37800 Date Accounts Debit Credit (RO) (RO) Sales (Revenue) 37800 05.12.202아 Receivable 37800 D. Date Accounts Debit Credit (RO) (RO) Receivable 73800 05.12.2020 Sales 73800 (Revenuel
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![On 5 December 2020, Salalah Trading
company sold goods to a customer on
account for 37800 OMR.
Which of the following is the correct journal
entry for the transaction?
Select one:
O A.
Date
Accounts
Debit Credit
(RO)
(RO)
Receivable
37800
05.12.2020
Sales
37800
(Revenue)
O B.
Date
Accounts
Debit Credit
(RO)
(RO)
Cash
37800
05.12.2020
Sales
37800
(Revenue)
С.
Date
Accounts
Debit Credit
(RO)
(RO)
Sales
37800
(Revenue)
05.12.2020
Receivable
37800
O D.
Date
Accounts
Debit Credit
(RO)
(RO)
Receivable
73800
05.12.2020
Sales
73800
(Revenue)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd1b70608-9493-42bb-a89a-e00118fae50c%2Fcb048cd6-53e3-46bc-bf19-5ec818f9d502%2F2oiix4g_processed.jpeg&w=3840&q=75)
Transcribed Image Text:On 5 December 2020, Salalah Trading
company sold goods to a customer on
account for 37800 OMR.
Which of the following is the correct journal
entry for the transaction?
Select one:
O A.
Date
Accounts
Debit Credit
(RO)
(RO)
Receivable
37800
05.12.2020
Sales
37800
(Revenue)
O B.
Date
Accounts
Debit Credit
(RO)
(RO)
Cash
37800
05.12.2020
Sales
37800
(Revenue)
С.
Date
Accounts
Debit Credit
(RO)
(RO)
Sales
37800
(Revenue)
05.12.2020
Receivable
37800
O D.
Date
Accounts
Debit Credit
(RO)
(RO)
Receivable
73800
05.12.2020
Sales
73800
(Revenue)
![The salary paid per month is OMR 550 P.M.
On 31st December 2020 the trial balance
showed salary expenses as OMR 4950.
Pass the journal entry for the outstanding
amount.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd1b70608-9493-42bb-a89a-e00118fae50c%2Fcb048cd6-53e3-46bc-bf19-5ec818f9d502%2Fdtvq11b_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The salary paid per month is OMR 550 P.M.
On 31st December 2020 the trial balance
showed salary expenses as OMR 4950.
Pass the journal entry for the outstanding
amount.
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![Horngren's Cost Accounting: A Managerial Emphasis…](https://www.bartleby.com/isbn_cover_images/9780134475585/9780134475585_smallCoverImage.gif)
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
![Intermediate Accounting](https://www.bartleby.com/isbn_cover_images/9781259722660/9781259722660_smallCoverImage.gif)
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
![Financial and Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781259726705/9781259726705_smallCoverImage.gif)
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education