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The transaction analysis summary of Sadaf Oman Company at the end of the year shows the following balances in some selected accounts - Cash RO

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The transaction analysis summary of Sadaf Oman Company at the end of the year shows the following balances in some selected accounts - Cash RO 50,000; Equipment RO 100,000; Accounts Payable RO 9,000; Share Capital RO 150,000; Retained earnings RO 0; Service revenue RO 800,000; Salaries expense RO 9,000: Utilities expense RO 2,000: Advertising expense RO 1.000; Rent expense RO 2.500; and Dividends RO 4,000. What is the amount of the retained earnings final (or ending) balance that will be reported on the Retained Earnings Statement? a. RO 785,500 O b. RO 635,500 . None of the options are correct d. RO 931,500 RO 781,500 e

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