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10. Abdullah Trading Co is a trading company operating in Oman. The selected transactions of Abdullah Trading Co. for the month of March 2021 are
10. Abdullah Trading Co is a trading company operating in Oman. The selected transactions of Abdullah Trading Co. for the month of March 2021 are reproduced below. 1. On March 3, purchased merchandise from Talal Company for OMR 20,000 terms 3/15, net/40, FOB shipment. 2. On March 5 paid freight costs of OMR 500 on merchandise purchased from Talal Company. 3. On March 7, purchased equipment on account for OMR 7,000. 4. On March 8, returned damaged merchandise to Bryant Company and was granted OMR2,000 credit for returned merchandise. 5. On March 18 paid the amount due to Talal Company in full. 10. Abdullah Trading Co is a trading company operating in Oman. The selected transactions of Abdullah Trading Co. for the month of March 2021 are reproduced below. 1. On March 3, purchased merchandise from Talal Company for OMR 20,000 terms 3/15, net/40, FOB shipment. 2. On March 5 paid freight costs of OMR 500 on merchandise purchased from Talal Company. 3. On March 7, purchased equipment on account for OMR 7,000. 4. On March 8, returned damaged merchandise to Bryant Company and was granted OMR2,000 credit for returned merchandise. 5. On March 18 paid the amount due to Talal Company in full
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