2. An invoice recorded an amount of RM3. 250, which included RM3,000 worth of goods and RM50 transportation cost and is received on the 19 May 2000. After inspection, it was found that the goods amounted to RM200 of damages and is returned. Consider the discount terms of 5/10. n/30 and find the total discount given and total amount needed to clear the invoice on 9 May 2000. END-OF-MONTH DATING (EOM) 1. An invoice amounting to RM1,000 is dated on 18 December 2000 with the condition of 6/10 EOM. Find the maturity date for the cash discount and the total payment on January 2001. 2. An Invoice amounting to RM3,000 is dated on 26 October 1999 and is subjected to the condition of 315 EOM. Find the maturity date for the cash discount and the full payment. How much is the total on 14 December 1999 RECEIPT OF GOODS DATING (ROG) 1. An invoice amounting to RM550 is dated on the 12 August 2001 and is received on the September 2001. # the invoice is subjected to 5/15 ROG, find the maturity date for the cash discount, the maturity date for full payment and the total payment on 24 September 2001 2. An Invoice valued RM10,000 dated 18 July 2002 was received on the 2- August 2002 the invoice subjected to the 3/10 ROG, find the maturity date for the cash discount, the maturity date for full payment and the total payment on August 2002 ADDITIONAL DAY DATING 1. An invoice amounting to RM4.000 is dated on 15 April 2001 with the condition (term) of 5/10 until 50 days. Find the maturity date for the cash discount and the full payment. How much is the total payment if the payment is to be made on 20 May 2001 2. An invoice amounting to RM3, 500 is dated on 20 January 2000 with a condition of 5/10 until 60 days. Find the maturity date for the cash discount and the full payment. How much is the total payment if the payment is to be made on 20 March 2000 2. Queenpharm Bhd. was incorporated with an authorized capital of RM60 million comprising of 50,000,000 shares of RM0.50 each and the balance in preference shares of RM 1 each. The Statement of Financial Position of Queenpharm Bhd. as at 30 September 2018 is given below. QUEENPHARM BHD Statement of Financial Position as at 30 September 2018 RM'000 Non-current assets Land and buildings Plant and machinery Fixtures and fittings Investments 30,100 9,550 6,150 1,500 Current assets Inventories Account receivable Bank 4,500 2,500 3.500 57,800 Issued & paid-up capital Ordinary shares of RM0.50 each 7% redeemable preference shares of RM1 each 38,000 8,000 Reserves Share premium Retained profit 1,250 6,350 Page 12 of 17 Current liabilites Account payable Accruals 3,500 700 57,800 Additional information: 1. On 1 October 2018, the Board of Directors decided to redeem 70% of 7% Redeemable Preference Shares of RM1 each at a premium of 3%. The redemption is in accordance with the terms provided for in the Articles of Association. 2. For the purpose of redemption, the company has offered to the public for subscription of 3,400,000 Ordinary Shares of RM0.50 each at an issue price of RM1 per share payable in full on application. The issue was oversubscribed with the total applications received for 5,200,000 Ordinary Shares. Surplus cash was refunded to the unsuccessful applicants. 3. On 1 December 2018, Queenpharm Bhd. decided to purchase back 5,000,000 of its Ordinary Shares in the open market for RM1.80 each. The directors adopt the Treasury Stock Method to record the share buyback. 4. At the end of December 2018, the Treasury Shares were sold at the open market for a price of RM3.00 each. Required: a) Show the relevant journal entries for the above transactions. (12) b) Prepare the revised Statement of Financial Position immediately after the redemption of the shares. (8) (Total: 20)