Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

On January 25th, 2021, Muscat Company Paid R.O 1,900 on the balance owed for Utilities incurred last month. Which of the following journal entries is

image text in transcribed

On January 25th, 2021, Muscat Company Paid R.O 1,900 on the balance owed for Utilities incurred last month. Which of the following journal entries is recorded correctly? Select the correct answer one: Select one: O a. DEBIT Cash OMR 1,900 and CREDIT Utilities Expense OMR 1,900 O b. No entrynot a transaction . DEBIT Account Payable OMR 1,900 and CREDIT Cash OMR 1,900 O d. DEBIT Utilities Expense OMR 1,900 and CREDIT Account Payable OMR 1,900 e. DEBIT Utilities Expense OMR 1,900 and CREDIT Cash OMR 1,900

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The ASQ Auditing Handbook

Authors: J. P. Russell,

4th Edition

0873898478, 978-0873898478

More Books

Students also viewed these Accounting questions