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Please I need the solution quickly, I have no time just 20 minutes. Al Madina Company reported the following balances at June 30, 2018: Sales
Please I need the solution quickly, I have no time just 20 minutes.
Al Madina Company reported the following balances at June 30, 2018: Sales OMR 12,800; Sales Returns and Allowances OMR 400; Sales Discounts OMR200; Cost of Goods Sold 5.000. Net sales for the month is ion OMR7,200 OMR12.200 OMR12,600 OMR12,400 TIVITY 1 Jurtip to tion 2 yet vered Aed out of Given below is extract of the Trial Balance as at 31 December, 2017 of Arwa Coc Salaries and Wages $ 35,000 Rent $ 25,000 Other Information: Sataries and Wages accrued for the year amounted to $3,200 Rent Prepaid for the year was $2,500 What amount will appear as Salaries and Wages expense in the income statement for the year ended 31st December 2017 lag question a $37,500 b. $38,200 Oc$32,500 d. $31,800 3 From the books of Mr. Ahmed & Company the following details are given below. t red Gross Profit is OMR 51,000 and operating expenses is OMR 27,400 al out of Compute Net Profit : question OMR 23,600 OMR 7,840 OMR 2.360 OMR 78.400 vious page ACTIVITY om Shoe Plaza has an Opening inventory of $60,000, Cost of goods purchased was $146,000. The inventory at the end of the period was $40.000. The cost of goods sold was $126,000 $166,000 $184,000 $206.000 age VITY up to BMC2100/PRINCIP Net sales is sales less: tof Sales discounts Sales discounts and sales returns and allowances. Sales returns Sales returns and allowances. estion Step by Step Solution
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