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QUESTION 29 As of April 31, 2021, Silky Company has assets of OMR5,500 and owner's equity of OMR Company as of January 31, 2020? OMR

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QUESTION 29 As of April 31, 2021, Silky Company has assets of OMR5,500 and owner's equity of OMR Company as of January 31, 2020? OMR 1,500. a. O. OMR 2,500. O OMR 1,000. OMR 2,000. QUESTION 28 All statement are limitations of trial balance Except: O a. the purchase of Supplies on account is debited to Supplies and credited to Cash. OMR 650 collected from customer, is debited to cash for OMR650 and credited to accc O b. OMR 100 cash drawing by the owner is debited to Owner's Drawings for OMR 1,000 a C. O d. transaction is not journalized. QUESTION 23 Accounts that normally have credit balances are: Cash , Rent expenses, and revenues. O a. O. Note payable, owner's capital, and service revenue. Oc. Supplies, unearned revenue, and owner's drawings. Account receivable, salary expenses, and owner's capita O d. QUESTION 22 Which of the following statements about users of accounting information is ce creditor are external users. O. management is an internal user. supplier are external users. . All of above. O . d

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