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4) Please solve all the questions, and please write the question number before answering, I just want the answer code please help.I will not forget

4) Please solve all the questions, and please write the question number before answering, I just want the answer code please help.I will not forget your favor principal of Accounting 2 image text in transcribed
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Question 16 Not yet answered Marked out of 1 P Flag question Ms.Reem sold merchandise inventory worth OMR 10000 to Ms.Fatima on 1-10-2020 at FOB destination on credit. She spent OMR 200 for the shipping expenses in cash. Which account does Ms.Reem debit for the shipping expenses? O a. Other expenses account. O b. Carriage inwards account O c. Merchandise Inventory account O d. Delivery expenses account Question 18 Not yet answered Marked out of 1 Flag question Compute the ending inventory using LIFO method. Mr. Nasser had a beginning inventory of 1000 units @ OMR 5 on 1-1-2020. He purchased 600 units @ 6 on 12- 01-2020. He sold 1000 units @ OMR 10 on 20-01-2020. O a. OMR 10,000 O b. OMR 3,000 O c. OMR 2,000 O d. OMR 3,600 Question 19 Not yet answered Marked out of 1 P Flag question Mr.Hussam sold merchandise inventory to Mr. Ghanim on 1-1- 2020 with an invoice price of OMR16, 000 (Cost Price of OMR 12,000) on credit with a payment terms of 10/30.n/60 at FOB shipping. Mr. Ghannim paid all his money on 20-01-2020 to Mr.Hussam by cheque. What account Does Mr.Hussam use for the discount allowed to Ghanim in his books? a. Sales discount b. Delivery expenses account O c. Purchase discount. d. Merchandise inventory account Question 20 Not yet answered Marked out of 1 P Flag question Mr. A purchased merchandise inventory from Mr. B costing RO 5000 with a terms of 2/20, n/60 on 1st October 2019. On 4th October 2019, he returned defective merchandise worth RO 1000 to Mr.B On 15th October 2019, he settled the full amount to Mr.B. Which account is credited for the discount he earned for the above transaction in the books of Mr.A if A practices under perpetual method? a. Merchandise inventory account O b. Sales discount account O c. Discount earned account d. Purchase discount account

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