Muscat company purchased office equipment for R.O 10,000 and office supplies of R.O 2,000 on account. Which of the following journal entries is recorded correctly and in the standard format? Select one: O a. No entry-not a transaction. O b. Accounts Payable. Office Equipment.. Office Supplies. 12,000 10,000 2,000 O c. Office Equipment. Account Payable. Office Supplies. 10,000 12,000 ..... 2,000 O d. Office Equipment. Office Supplies. Accounts Payable.. 10,000 2,000 12,000 O e. Office Equipment. Office Supplies.. Accounts Payable.. 10,000 2,000 10,000

Muscat company purchased office equipment for R.O 10,000 and office supplies of R.O 2,000 on account. Which of the following journal entries is recorded correctly and in the standard format? Select one: O a. No entry-not a transaction. O b. Accounts Payable. Office Equipment.. Office Supplies. 12,000 10,000 2,000 O c. Office Equipment. Account Payable. Office Supplies. 10,000 12,000 ..... 2,000 O d. Office Equipment. Office Supplies. Accounts Payable.. 10,000 2,000 12,000 O e. Office Equipment. Office Supplies.. Accounts Payable.. 10,000 2,000 10,000

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter21: Accounting For Accruals, Deferrals, And Reversing Entries

Section: Chapter Questions

Problem 2AP

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Presented below is the trial balance for Akshara Bunga Bhd (ABB) as at 31 December 2020: Accounts Debit (RM) Credit (RM) Land 156,250 Office building 193,750 Equipment 25,000 Motor vehicle 68,750 Accumulated depreciation:    - Office building    - Equipment    - Motor vehicle 65,000 10,000 26,250 Bank 137,500 Trade receivables 172,500 Supplies 18,750 Prepaid insurance 38,250 Long term investment 201,875 Goodwill 50,000 Inventory 56,500 Ordinary share capital 375,000 Reserves 25,000 Retained earnings 206,250 Rent revenue 71,875 Sales 675,000 Gain on revaluation of properties 11,250 Gain on sale of land 12,500 Gain on translation of foreign operations 6,250 Cost of goods sold 280,000 Salary and wages expenses 142,500 Finance cost 25,000…
Presented below is the trial balance for Akshara Bunga Bhd (ABB) as at 31 December 2020: Accounts Debit (RM) Credit (RM) Land 156,250 Office building 193,750 Equipment 25,000 Motor vehicle 68,750 Accumulated depreciation:    - Office building    - Equipment    - Motor vehicle 65,000 10,000 26,250 Bank 137,500 Trade receivables 172,500 Supplies 18,750 Prepaid insurance 38,250 Long term investment 201,875 Goodwill 50,000 Inventory 56,500 Ordinary share capital 375,000 Reserves 25,000 Retained earnings 206,250 Rent revenue 71,875 Sales 675,000 Gain on revaluation of properties 11,250 Gain on sale of land 12,500 Gain on translation of foreign operations 6,250 Cost of goods sold 280,000 Salary and wages expenses 142,500 Finance cost 25,000…