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Muscat company Purchased an equipment for OMR 5,000 Cash. Which of the following journal entries is recorded correctly and in the standard format? Select one:
Muscat company Purchased an equipment for OMR 5,000 Cash. Which of the following journal entries is recorded correctly and in the standard format? Select one: a. DEBIT Cash OMR 5,000 and CREDIT Equipment OMR 15,000 b. DEBIT Equipment OMR 5,000 and CREDIT Cash OMR 5,000 c. DEBIT Equipment OMR5,000 and CREDIT Account Payable OMR 5,000 d. No entry--not a transaction e. DEBIT Cash OMR 5,000 and CREDIT Account Payable OMR 5,000
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