The post-closing trial balance of Zuhoor Muscat Company shows the following balances at 31 March 2021 in no particular order: Cash RO 15,200; Accounts Recejvable RO 200; Advertising supplies RO 1,000; Prepaid Insurance RO 550; Office Equipment RO 5,000; Accumulated Depreciation on Office Equipment RO 40; Notes Payable RO 5,000; Accounts Payable RO 2,500; Unearned Revenue RO 800; Salaries Payable RO 1,200; Interest Payable RO 50; Share Capital RO 10,000; Retained Earnings RO 2,360. The debit side of the post-closing trial balance is: O a. RO 21,990 O b. None of the options are correct O. RO 23,680 O d. RO 22,950 O e. RO 22,000
The post-closing trial balance of Zuhoor Muscat Company shows the following balances at 31 March 2021 in no particular order: Cash RO 15,200; Accounts Recejvable RO 200; Advertising supplies RO 1,000; Prepaid Insurance RO 550; Office Equipment RO 5,000; Accumulated Depreciation on Office Equipment RO 40; Notes Payable RO 5,000; Accounts Payable RO 2,500; Unearned Revenue RO 800; Salaries Payable RO 1,200; Interest Payable RO 50; Share Capital RO 10,000; Retained Earnings RO 2,360. The debit side of the post-closing trial balance is: O a. RO 21,990 O b. None of the options are correct O. RO 23,680 O d. RO 22,950 O e. RO 22,000
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:The post-closing trial balance of Zuhoor Muscat Company shows the following balances at 31 March
2021 in no particular order: Cash RO 15,200; Accounts Receivable RO 200; Advertising supplies RO
1,000; Prepaid Insurance RO 550; Office Equipment RO 5,000; Accumulated Depreciation on Office
Equipment RO 40; Notes Payable RO 5,000; Accounts Payable RO 2,500; Unearned Revenue RO 800;
Salaries Payable RO 1,200; Interest Payable RO 50; Share Capital RO 10,000; Retained Earnings RO
2,360. The debit side of the post-closing trial balance is:
a.
RO 21,990
O b. None of the options are correct
Oc.
RO 23,680
O d. RO 22.950
Oe.
RO 22,000
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