Zuhoor Muscat Company is a manufacturer of thermal imaging cameras. On 31 March 2021, the following balances are shown in its ledger accounts after adjustments: Cash: RO 3,425; Wages Payable: RO 440,...

Zuhoor Muscat Company is a manufacturer of thermal imaging cameras. On 31 March 2021, the following balances are shown in its ledger accounts after adjustments: Cash: RO 3,425; Wages Payable: RO 440, Office Equipment: RO 51,650 Accumulated Depreciation - Office Equipment: RO 14,650; Accounts Receivable: RO 8,000; Patents: RO 2,000; Fees Income: RO 55,987; Wages Expense: RO 22,900: Depreciation Expense: RO 4,950; Rent Expense: RO 4,399; Utilities Expense: RO 2,815; Supplies Expense: RO 800; Insurance Expense: RO 400; Miscellaneous Expense: RO 1,632. Unearned Fees: RO 750; Share Capital: RO 47,995; Accounts Payable: RO 925; Supplies: RO 380; Prepaid Insurance RO 305: Notes Payable: RO 1,000; Retained Earnings 1 April 2020: RO 0. The total equity reported in the Statement of Financial Position on 3i March 2021 is:e

Jun 10, 2022
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