Time left 1:05The post-closing trial balance of Zuhoor Muscat Company shows the following balances at 31 March 2021 in noparticular order: Cash RO 18,200; Accounts Receivable RO 200; Advertising supplies RO 1,000; Prepaid Insurance RO550; Office Equipment RO 5,000; Accumulated Depreciation on Office Equipment RO 40; Notes Payable RO 3,0003;Accounts Payable RO 5,000; Unearned Revenue RO 800; Salaries Payable RO 3,700; Interest Payable RO 50; ShareCapital RO 10,000; Retained Earnings RO 2,360. The credit side of the post-closing trial balance is:O a.RO 25,200Ob. None of the options are correctO C.RO 17,250O d. RO 23,250e. RO 24,950NEXT PAGEB.pe here to searchbys 10 S

Post closing trial balance is the summary of all general ledger accounts balances after all the…

The post-closing trial balance of Zuhoor Muscat Company shows the following balances at 31 March 2021 in no particular order: Cash RO 18,200; Accounts Receivable RO 200; Advertising supplies RO 1,000; Prepaid Insurance Rd 550; Office Equipment RO 5,000; Accumulated Depreciation on Office Equipment RO 40; Notes Payable RO 3,000; Accounts Payable RO 5,000; Unearned Revenue RO 800; Salaries Payable RO 3,700; Interest Payable RO 50; Share Capital RO 10,000; Retained Earnings RO 2,360. The credit side of the post-closing trial balance is: O a. RO 25,200 O b. None of the options are correct O c. RO 17,250 Od. RO 23,250 O e. RO 24,950

The post-closing trial balance of Zuhoor Muscat Company shows the following balances at 31 March 2021 in no particular order: Cash RO 18,200; Accounts Receivable RO 200; Advertising supplies RO 1,000; Prepaid Insurance Rd 550; Office Equipment RO 5,000; Accumulated Depreciation on Office Equipment RO 40; Notes Payable RO 3,000; Accounts Payable RO 5,000; Unearned Revenue RO 800; Salaries Payable RO 3,700; Interest Payable RO 50; Share Capital RO 10,000; Retained Earnings RO 2,360. The credit side of the post-closing trial balance is: O a. RO 25,200 O b. None of the options are correct O c. RO 17,250 Od. RO 23,250 O e. RO 24,950

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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