Question
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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