The post-closing trial balance of Zuhoor Muscat Company shows the following balances at 31 March 2021 in no particular order: Cash RO 13,200; 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 3,000; 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 17,250 O b. RO 19,950 O c. RO 21,680 O d. RO 18,200 Oe. None of the options are correct

The post-closing trial balance of Zuhoor Muscat Company shows the following balances at 31 March 2021 in no particular order: Cash RO 13,200; 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 3,000; 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 17,250 O b. RO 19,950 O c. RO 21,680 O d. RO 18,200 Oe. None of the options are correct

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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