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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 Equipment OMR 5,000 and CREDIT cash OMR 5,000 b. DEBIT Cash OMR 5,000 and CREDIT Account Payable OMR 5,000 c. No entry-not a transaction d. DEBIT Equipment OMR 5,000 and CREDIT Account Payable OMR 5,000 e. DEBIT Cash OMR 5,000 and CREDIT Equipment OMR 15,000
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