1) Omani Company's ledger showed an ending accounts payable balance of OR 25,000 on June 30, 2020. During the next month, the company made purchases of supplies paying cash 5,000 and the remaining purchases were on account of RO 20,000. The Company made payments on this account of RO 15,000. The balance in the T-account for the account payable at the end of the July 32, 2020 is: RO 25,000 Credit RO 30,000 Credit RO 35,000 Credit RO 10,000 Credit

1) Omani Company's ledger showed an ending accounts payable balance of OR 25,000 on June 30, 2020. During the next month, the company made purchases of supplies paying cash 5,000 and the remaining purchases were on account of RO 20,000. The Company made payments on this account of RO 15,000. The balance in the T-account for the account payable at the end of the July 32, 2020 is: RO 25,000 Credit RO 30,000 Credit RO 35,000 Credit RO 10,000 Credit

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter6: Cash And Receivables

Section: Chapter Questions

Problem 11RE: On December 1 of the current year, Jordan Inc. assigns 125,000 of its accounts receivable to...

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