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Choose the correct answer 4. 4/3 Paid freight charges of K.D. 60 on inbound Shipment of merchandise purchased from Nasser. The entry for the above

Choose the correct answer

4. 4/3 Paid freight charges of K.D. 60 on inbound Shipment of merchandise purchased from Nasser. The entry for the above transaction will include:Required to answer. Single choice.

-Dr. 60 Transportation in

-Dr. 60 Transportation out

-Cr. 60 Cash

-First and third answer are correct

5. 4/7 Returned a defective merchandise of KD 1000 to Nasser and received a full credit. The entry for the above transaction will include:Required to answer. Single choice.

-Dr. Accounts Payable

-Dr. Sales Returns & Allowances

-Dr. Cash

-Dr. Purchases R & A

.

6. 4/10 Paid Nasser the remaining amount owed for 4/2 purchase. The entry for the above transaction will include:Required to answer. Single choice.

-Cr. 330 Purchases Discount

-Cr. 300 Purchases Discount

-Cr. 600 Sales Discount

-Dr. 330 Sales Discount

.

please make sure the answer is correct 100%

*4/1 Purchased office supplies for a total price of KD 1,000.

*4/2 Purchased merchandise on credit from Nasser K.D.11000. Terms, 3/10, n/30.

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