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Muscat Company purchased office supplies costing OMR20,000. At the end of the accounting period, a physical count of off supplies revealed OMR5,000 still on hand.

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Muscat Company purchased office supplies costing OMR20,000. At the end of the accounting period, a physical count of off supplies revealed OMR5,000 still on hand. The Adjusting Entry should be Select one: a. Debit Office Supplies, OMR15,000; Credit Office Supplies Expense, OMR15,000 O b. Debit Office Supplies Expense, OMR15,000; Credit Office Supplies, OMR15,000 c. None of the answers are correc d. Debit Office Supplies, OMR15,000; Credit Office Supplies Expense, OMR15,000 e. Debit Office Supplies Expense, OMR5,000; Credit Office Supplies OMR5,000

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