On April 1st, Shareholders invested OMR 60,000 cash in exchange for ordinary :shares. The Journal Entry should be اخترأحد الخيارات a. DEBIT Cash OMR 60,000 and CREDIT Equipment OMR 60,000 b. DEBIT Cash OMR 60,000 and CREDIT Share Capital OMR 60,000 c. DEBIT Cash OMR 60,000 and CREDIT Accounts Receivable OMR 60,000 d. DEBIT Share Capital OMR 60,000 and CREDIT Cash OMR 60,000 e. None of the answers are correct

On April 1st, Shareholders invested OMR 60,000 cash in exchange for ordinary :shares. The Journal Entry should be اخترأحد الخيارات a. DEBIT Cash OMR 60,000 and CREDIT Equipment OMR 60,000 b. DEBIT Cash OMR 60,000 and CREDIT Share Capital OMR 60,000 c. DEBIT Cash OMR 60,000 and CREDIT Accounts Receivable OMR 60,000 d. DEBIT Share Capital OMR 60,000 and CREDIT Cash OMR 60,000 e. None of the answers are correct

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Description: On April 1st, Shareholders invested OMR60,000 cash in exchange for ordinary:shares. The Journal Entry should beاخترأحد الخیاراتa. DEBIT Cash OMR 60,000 and CREDITEquipment OMR 60,000b. DEBIT Cash OMR 60,000 and CREDITShare Capital OMR 60,000c. DEBIT

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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