After the accounts have been adjusted at December 31, the end of the fiscal year, the following balances were taken from the ledger of Zuhoor Muscat Company: Share capital: RO 978,500; Dividends : RO...

After the accounts have been adjusted at December 31, the end of the fiscal year, the following balances were taken from the ledger of Zuhoor Muscat Company: Share capital: RO 978,500; Dividends : RO 50,000; Fees Revenue : RO 779,000; Wages Expense : RO 389,000Rent Expense : RO 60,000; Supplies Expense : RO 7.200Miscellaneous Expense RO 11,400 . To close off the expense accounts will require a debit to Income Summary of:

Jun 10, 2022
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