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Muscat Company purchased office supplies costing OMR 20,000. At the end of the accounting period, a physical count of office supplies revealed OMR5,000 still on
Muscat Company purchased office supplies costing OMR 20,000. At the end of the accounting period, a physical count of office supplies revealed OMR5,000 still on hand. The adjusting journal entry to be made would be: Select one: a. Debit Office Supplies, OMR15,000; Credit Office Supplies Expense, OMR15,000. b. Debit Office Supplies, OMR15,000; Credit Office Supplies Expense, OMR15,000. c. None of the answers are correct d. Debit Office Supplies Expense, OMR15,000; Credit Office Supplies, OMR15,000. e. Debit Office Supplies Expense, OMR5,000; Credit Office Supplies, OMR5,000
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