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2) 20 Muscat company hired a secretary-receptionist at a salary of R. O 4,000 per month to be paid cash. at of The Journal Entry
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20 Muscat company hired a secretary-receptionist at a salary of R. O 4,000 per month to be paid cash. at of The Journal Entry should be: Select one: a. DEBIT Prepaid Salary Expense OMR 4,000 and CREDIT Cash OMR 4,000 b. DEBIT Cash OMR 4,000 and CREDIT Prepaid Salary Expense OMR 4,000 C. DEBIT Salary Expense OMR 4,000 and CREDIT cash OMR 4,000 d. DEBIT Prepaid Salary Expense OMR 4,000 and CREDIT Account Payable OMR 4,000 e. No entry-not a transaction 160,000 Income taxes 30,000 Sales revenue Sales returns and allowances 6,000 15,600 Sales salaries expense Depreciation of office equipment Advertising expense 10,200 Administrative Salaries expense 13,300 Cost of goods sold 29,000 14,100 If this information was used to prepare an income statement, Total Selling Expenses should be: Select one: a. 27,400 b. 25,800 c. 10,200 d. 39,100 e. 15,600Step by Step Solution
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