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Muscat company Purchased office equipment for OMR 25,000, paying OMR 5,000 in cash and OMR 20,000 on Account payable. The Journal Entry should be: Select
Muscat company Purchased office equipment for OMR 25,000, paying OMR 5,000 in cash and OMR 20,000 on Account payable. The Journal Entry should be: Select one: a. DEBIT Equipment OMR 25,000 and CREDIT cash OMR 25,000 b. DEBIT Cash OMR 25,000 and CREDIT Account Payable OMR 25,000 c. DEBIT Cash OMR 25,000 and CREDIT Equipment OMR 20,000 and Account Payable OMR 5,000 d. No entry-not a transaction e. DEBIT Equipment OMR 25,000 and CREDIT Cash OMR 5,000 and Account Payable OMR 20,000
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