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