Zuhoor Muscat Company is a manufacturer of miniature security cameras. On 31 March 2021, the following balances are shown in its ledger accounts after adjustments: Cash: RO 3,425; Wages Payable: RO 440; Office Equipment: RO 51,650; Accumulated Depreciation - Office Equipment: RO 14,650; Accounts Receivable: RO 8,000;: Patents: RO 2,000; Unearned Fees: RO 750; Share Capital: RO 47,000: Accounts Payable: RO 925; Supplies: RO 380; Retained Earnings: RO 995; and Prepaid Insurance RO 305; Notes Payable: RO 1,000. The total amount of currents assets appearing in the Statement of Financial Position on 31 March 2021 is: O a. RO 12,652 O b. RO 13,011 Oc. RO 12,110 O d. RO 13,725 O e. None of the options are correct

Zuhoor Muscat Company is a manufacturer of miniature security cameras. On 31 March 2021, the following balances are shown in its ledger accounts after adjustments: Cash: RO 3,425; Wages Payable: RO 440; Office Equipment: RO 51,650; Accumulated Depreciation - Office Equipment: RO 14,650; Accounts Receivable: RO 8,000;: Patents: RO 2,000; Unearned Fees: RO 750; Share Capital: RO 47,000: Accounts Payable: RO 925; Supplies: RO 380; Retained Earnings: RO 995; and Prepaid Insurance RO 305; Notes Payable: RO 1,000. The total amount of currents assets appearing in the Statement of Financial Position on 31 March 2021 is: O a. RO 12,652 O b. RO 13,011 Oc. RO 12,110 O d. RO 13,725 O e. 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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