On May 1, 2020, Sadaf Oman Company reported accounts payable balance of RO 10,000. During May Sadaf Oman Company encounter the following transactions: (1) Sadaf Oman Company acquired equipment for RO 4,50O. Sadaf Oman Company paid RO 2,000 in cash and the remaining balance was on account. (2) Sadaf Oman Company purchased computer supplies for RO 800 on account. The balance of accounts payable account will be after Sadaf Oman Company record and post May transactions: O a. RO 13,300 credit Ob. RO 14,300 credit Oc. None of the options are correct O d. RO 12,300 credit O e. RO 3,300 credit

On May 1, 2020, Sadaf Oman Company reported accounts payable balance of RO 10,000. During May Sadaf Oman Company encounter the following transactions: (1) Sadaf Oman Company acquired equipment for RO 4,50O. Sadaf Oman Company paid RO 2,000 in cash and the remaining balance was on account. (2) Sadaf Oman Company purchased computer supplies for RO 800 on account. The balance of accounts payable account will be after Sadaf Oman Company record and post May transactions: O a. RO 13,300 credit Ob. RO 14,300 credit Oc. None of the options are correct O d. RO 12,300 credit O e. RO 3,300 credit

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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