The following selected accounts from Dubai company on January 31, 2010 before adjusting entries. Debit Credit Prepaid OMR 1,200 Insurance Salaries 15,000 expense Office Supplies 2,700 Office 30,000 Equipment Unearned 12,000 Revenue An analysis of the accounts at the end of the month shows the following: equipment depreciated OMR 6,000 per year. The Adjusting Entry should be: Select one: O A. DEBIT Depreciation Expense OMR 500 and CREDIT Accumulated Depreciation OMR 500 O B. None of the answers are correct OC. DEBIT Equipment OMR 6,000 and CREDIT Accumulated Depreciation OMR6,000 OD. DEBIT Depreciation Expense OMR 6,000 and CREDIT Accumulated Depreciation OMR 6,000 E. DEBIT Depreciation Expense OMR 24,000 and CREDIT Accumulated Sohar company has the following transaction: Date Transaction Jan The company invested OMR h00,000 cash in the business 2 Purchased Equipment for OMR 2,600, paid OMR 2000 cash and the remaining balance on account 5 Received OMR 2,200 cash advance from a client for provide services that are expected to be completed next year 6 Paid OMR 1,500 cash for a one- year insurance policy. 8 Paid for the Equipment purchased on account on Jan 2. The Journal Entry for Jan. 8 should be: Select one: O A. None of the answers are correct O B. DEBIT Accounts Payable OMR 600 and CREDIT Cash OMR 600 O C. DEBIT Cash OMR 2,600 and CREDIT Note payable OMR 2,600 OD. DEBIT Cash OMR OMR 600 and CREDIT Accounts Payable OMR 600 O E. DEBIT Equipment OMR 2,600 and CREDIT Cash OMR2 600 The total assets of Muscat Company are OMR 18,000, Capital OMR 11,000, revenues OMR 3,500, expenses OMR 1,700, Dividends OMR 1000. What are the liabilities for Muscat Company? Select one: O A. 29,800 O B. 11,800 O C. 800 O D. 6,200