Question
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
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