2)3)

Question 2 Sales revenue 160,000 Income taxes 30,000 Not yet answered Sales returns and allowances 6,000 Marked out of 2.00 Sales salaries expense 15,600 Advertising expense 10,200 Administrative Salaries expense 13,300 Cost of goods sold 29,000 14,100 Flag question Depreciation of office equipment 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. 15,600 Question 3 Accounts Dr Cr Not yet answered Cash OMR 50,000 Marked out of 2.00 Accounts receivable 20,000 P Flag question 10,000 Supplies Prepaid expenses 12,000 160,000 Buildings -at cost Accumulated depreciation - Buildings 10,000 30,000 Notes payable (due in 2 months) Accounts payable 30,000 Interest payable 12,000 Unearned service revenue 10,000 120,000 Shared- Capital Service revenues 100,000 Salaries Expenses 40,000 10,000 Depreciation Expenses Utilities Expenses Dividends / drawings 30,000 10,000 Total 342,000 342,000 If this information was used to prepare a statement of financial position, Total Assets should be: Select one: a. None of the answers are correct Ub. 262,000 c. 272.000 d. 242,000 e. 252,000 Question 10 Not yet answered Marked out of 2.00 Muscat Company purchased OMR 8,000 of supplies on January 1. On January 30, an inventory of the supplies indicated only OMR 2,000 on hand. P Flag question The adjusting entry that should be made by the company on January 31 is: Select one: a. Debit Supplies, OMR 6,000; Credit Supplies Expense, OMR 6,000 b. None of the answers are correct c. Debit Supplies, OMR 2,000; Credit Supplies Expense, OMR 2,000 d. Debit Supplies Expense, OMR 2,000; Credit Supplies, OMR 2,000 e. Debit Supplies Expense, OMR6,000; Credit Supplies, OMR 6,000