an 28 Interest expenses OMR 200 1 ed Interest payable OMR 100 Hout of Advertisement OMR 50 question Insurance expense OMR 60 Rent received OMR 90 Loss on sale of furniture OMR 75 Sold furniture for profit of OMR 110 Interest received OMR 20 Gross profit OMR 172 None of these Sales discount OMR 16 OMR 200 Sale returns OMR 12 OMR 130 Sales revenue OMR 400 OMR 220 Find the operating income On 1st January 2015, the company issued 2,500 equity shares for OMR 0.200. The par value of the shares was OMR 0.250 each. On 30th October 2015, the company declared a dividend of OMR 0.025 per share. On 20th December 2015, the company paid the dividend.[SMF1) What will be the journal entry for issue of share? Dr.Cash 500 Dr. Discount on shares 125 Cr. Common Stock 625 Dr.Cash 500 Dr. Common Stock 625 Cr. Discount on shares 1.125 Dr.Common stock 625 Cr. Cash 500 Cr. Discount on shares 125 Dr.Cash 500 Dr. Discount on shares 500 Cr. Common Stock 1,000 Identify the correct journal entry for payment of dividend Dr. Dividend Payables 62.5 Cr. Dividend 62.5 Dr. Dividend 62.5 Cr. Dividend Payables 62.5 Dr. Dividend 62.5 Cr. Cash 62. Dr. Cash 62.5 Cr. Dividend Payables 62.5 Identify the correct journal entry for declaration of dividend: Identify the correct journal entry for declaration of dividend Dr. Dividend Payables 62.5 Cr. Dividend 62.5 Dr. Dividend 62.5 Cr. Dividend Payables 62,5 Dr. Dividend 62.5 Cr. Cash 62.5 Dr. Cash 62.5 Cr. Dividend Payables 62.5