Question
of Alawi Co. purchased advertising supplies costing OMR50,000 on May 7. An inventory count at the close of business on May 31 reveals that OMR20,000
of Alawi Co. purchased advertising supplies costing OMR50,000 on May 7. An inventory count at the close of business on May 31 reveals that OMR20,000 of the advertising supplies are still on hand. The adjustment entry will be: stion Select one: a. DEBIT Advertising supplies OMR20,000 and CREDIT Advertising supplies expenses OMR20,000 Advertising supplies expenses OMR20,000 b. DEBIT Advertising supplies expenses OMR30,000 and CREDIT Advertising supplies OMR30,000 c. DEBIT Inventory OMR20,000 and CREDIT Advertising supplies OMR20,000 d. DEBIT Advertising supplies expenses OMR30,000 and CREDIT Inventory OMR30,000 e. None of the answers are correct
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