Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Explanation of the answer 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

Explanation of the answer

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:

a. Office Equipment............................................................ 10,000

Office Supplies................................................................ 2,000

Accounts Payable................................................ 10,000

b. No entrynot a transaction.

c. Office Equipment............................................................ 10,000

Account Payable.................................................. 12,000

Office Supplies................................................................ 2,000

d. Accounts Payable............................................................ 12,000

Office Equipment................................................ 10,000

Office Supplies.................................................... 2,000

e. Office Equipment.................................................. 10,000

Office Supplies...................................................... 2,000

Accounts Payable................................................ 12,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions