The post-closing trial balance of Zuhoor Muscat Company shows the following balances at 31 March 2021 in no particular order: Cash RO 15,200; 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 5,000; 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 21,990 O b. RO 22,950 Oc. None of the options are correct O d. RO 23,680 O e. RO 22,000

The post-closing trial balance of Zuhoor Muscat Company shows the following balances at 31 March 2021 in no particular order: Cash RO 15,200; 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 5,000; 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 21,990 O b. RO 22,950 Oc. None of the options are correct O d. RO 23,680 O e. RO 22,000

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter16: Financial Statements And Closing Entries For A Corporation

Section16.5: Preparing A Post-closing Trial Balance

Problem 1OYO

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