intermediate Accounting

Question 31 Not yet Onward Morked out of FOG Company reported Accounts Receivable balance of OMR 25.000 and Allowance for Doubtful Accounts balance of OMR UIOO on December 31, 2020 before adjustment FG8 mode on Aging of its accounts with the following categories Less than 10 days. OMR 15.000 at 5 11 to 25 days, OMR 8.000 at 10% and the balance is more than 26 days at 15% higher than the latter. How much is the bad debts expense to be recorded on December 31, 20202 OG OMR 1.850 ob OMR 700 GC None of these Od OMR 950 Question On 32 Hot onward XYZ Company in 2020 reported inventory onding of OMR 20.000. Net purchases amounted to OMR 25.000. Cross Profit amounted to OMR 12,000. Cost of sales rate is 10% How much is the beginning inventory? a 3.000 OD 20,000 5,000 d. None of these Question 33 Hayot answered Morked out of TRF Company has adjusted balance in its company ledger and per bank statement of OMR 48,000. The bank collected OMR2,000 as claims from insurance on behalf of TRF and service charges of the bank is OMR 300. Checks received and deposited to the bank for collection amounts to OMR4,000 and checks issued but not yet presented to the bank for payment amounts to OMR 2000. How much is the unadjusted balance per bank motion 46,300 OMR b. 50.000 OMR O. 46,000 OMR d. None of these