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Following are transactions of Oman Trading Company for the month of October 2021. 1-Oct Purchased OMR 10,000 of inventory on credit terms 3/10, n/30 from
Following are transactions of Oman Trading Company for the month of October 2021. 1-Oct Purchased OMR 10,000 of inventory on credit terms 3/10, n/30 from Moon Company 2-Oct Paid freight of OMR 100 for inventory purchased on October 1. 6-Oct Sold OMR 15,000 inventory on account to Mars company, terms 2/10, n/30 (Cost of goods sold OMR 9,000). 8-Oct Returned inventory of OMR2,000 to Moon Company. 9-Oct Paid Moon Company in full. 12-Oct Mars Company returned goods worth OMR 2,000 (Cost of goods sold OMR 1,200). 16-Oct Received payment in full from Mars Company. You are required to journalize the above transactions based on perpetual inventory systems in an A4 paper link You are also required to answer the following questions based on the journal entries prepared. Which one of the following accounts will be debited for the transaction dated October 2? Which one of the following accounts will be credited for the transaction dated October 6? How much amount of cash will be paid for the transaction dated October 9? How much amount of cash will be received for the transaction dated October 16? You are also required to answer the follow Which one Which Freight-in Freight-out Expense Cost of Goods Sold Expense Inventory nount of cas How much amount of cash You are also required to answer the following questions based on the journal entries prepared. Which one of the following accounts will be debited for the transaction dated October 2? Which one of the following accounts will be credited for the transaction dated October 6? t of cash will be paid for the transaction dated October 9? Purchase Returns and Allowances Cost of Goods Sold Expense Inventory Accounts Receivable t of cash will be received for the transaction dated October 16? You are also required to answer the following questions based on the journal entries prepared. Which one of the following accounts will be debited for the transaction dated October 2? Which one of the following accounts will be credited for the transaction dated October 6? How much amount of cash will be paid for the transaction dated October 9? How much amount of cash will be received for the transaction dated October 16? OMR 7,760 OMR 10,000 OMR 7,740 OMR 8,000 link. You are also required to answer the following questions based on the journal entries prepared. Which one of the following accounts will be debited for the transaction dated October 2? Which one of the following accounts will be credited for the transaction dated October 6? How much amount of cash will be paid for the transaction dated October 9? How much amount of cash will be received for the transaction dated October 16? OMR 15,000 OMR 12.740 OMR 14,700 OMR 13,000 Following are transactions of Oman Trading Company for the month of October 2021. 1-Oct Purchased OMR 10,000 of inventory on credit terms 3/10, n/30 from Moon Company 2-Oct Paid freight of OMR 100 for inventory purchased on October 1. 6-Oct Sold OMR 15,000 inventory on account to Mars company, terms 2/10, n/30 (Cost of goods sold OMR 9,000). 8-Oct Returned inventory of OMR2,000 to Moon Company. 9-Oct Paid Moon Company in full. 12-Oct Mars Company returned goods worth OMR 2,000 (Cost of goods sold OMR 1,200). 16-Oct Received payment in full from Mars Company. You are required to journalize the above transactions based on perpetual inventory systems in an A4 paper link You are also required to answer the following questions based on the journal entries prepared. Which one of the following accounts will be debited for the transaction dated October 2? Which one of the following accounts will be credited for the transaction dated October 6? How much amount of cash will be paid for the transaction dated October 9? How much amount of cash will be received for the transaction dated October 16? You are also required to answer the follow Which one Which Freight-in Freight-out Expense Cost of Goods Sold Expense Inventory nount of cas How much amount of cash You are also required to answer the following questions based on the journal entries prepared. Which one of the following accounts will be debited for the transaction dated October 2? Which one of the following accounts will be credited for the transaction dated October 6? t of cash will be paid for the transaction dated October 9? Purchase Returns and Allowances Cost of Goods Sold Expense Inventory Accounts Receivable t of cash will be received for the transaction dated October 16? You are also required to answer the following questions based on the journal entries prepared. Which one of the following accounts will be debited for the transaction dated October 2? Which one of the following accounts will be credited for the transaction dated October 6? How much amount of cash will be paid for the transaction dated October 9? How much amount of cash will be received for the transaction dated October 16? OMR 7,760 OMR 10,000 OMR 7,740 OMR 8,000 link. You are also required to answer the following questions based on the journal entries prepared. Which one of the following accounts will be debited for the transaction dated October 2? Which one of the following accounts will be credited for the transaction dated October 6? How much amount of cash will be paid for the transaction dated October 9? How much amount of cash will be received for the transaction dated October 16? OMR 15,000 OMR 12.740 OMR 14,700 OMR 13,000
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