The ledger of Sadaf Oman Company showed the following final balances at the end of the year 2020 listed in a random order: Share capital RO 4,200%; Accounts payable RO 4,800; Revenues RO 63,0003; Expenses RO 52,000; Cash RO 18,000; Accounts receivable RO 15,000; Supplies RO 1,200; Salaries payable RO 14,100; Dividends RO 2,100; Interest payable RO 5,000; and Prepaid rent RO 2,800. When preparing the trial balance, what will be the total credits at the end of the year? DO OD 000
The ledger of Sadaf Oman Company showed the following final balances at the end of the year 2020 listed in a random order: Share capital RO 4,200%; Accounts payable RO 4,800; Revenues RO 63,0003; Expenses RO 52,000; Cash RO 18,000; Accounts receivable RO 15,000; Supplies RO 1,200; Salaries payable RO 14,100; Dividends RO 2,100; Interest payable RO 5,000; and Prepaid rent RO 2,800. When preparing the trial balance, what will be the total credits at the end of the year? DO OD 000
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:The ledger of Sadaf Oman Company showed the following final balances at the end of the year 2020
listed in a random order: Share capital RO 4,200; Accounts payable RO 4,800; Revenues RO 63,000;
Expenses RO 52,000; Cash RO 18,000; Accounts receivable RO 15,000; Supplies RO 1,200; Salaries
payable RO 14,100; Dividends RO 2,100; Interest payable RO 5,000; and Prepaid rent RO 2,800. When
preparing the trial balance, what will be the total credits at the end of the year?
O a. RO 95,200
b. RO 90,700
Oc. RO 88,200
O d. RO 91,100
O e. None of the options are correct
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