8) Omani Company began operations in May, 2019. During May. The Company issued ordinary shares for RO 200,000; earned revenue of 22,000 of which RO 2,000 were on account, incurred expenses of RO...

Extracted text: 8) Omani Company began operations in May, 2019. During May. The Company issued ordinary shares for RO 200,000; earned revenue of 22,000 of which RO 2,000 were on account, incurred expenses of RO 12,000 of which RO 3,000 were on account, and paid dividends of RO 1,000. The balance of cash at month end will be: A) RO 209,000 B) RO 210,000 C) RO 199,000 D) RO 221,000