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Que 4 Not yet Mr. Mohammed use perpetual inventory system makes the following journal entry in his business Debit Merchandise Inventory Credit Accounts payable. Which of the following transaction is correct for the journal entry? artered Marked out of 0.50 & Sold Merchandise inventory to Customer Fag question o bi Purchased Merchandise inventory from Supplier OC Paid Cash to Suppliers od Returned Merchandise inventory to Supplier Question 5 Not yet wered Marked out of 050 Flag question The trading results of a Merchandise trader is as follows: Not Sales OMR 150,000. Cost of Goods sold OMR 35.000. Interest expenses OMR 16,000, Salesman salary OMR 12,000, Office supplies expenses OMR 16.200 Marketing expense OMR 11.500 Insurance expenses OMR 3,300, What will be the total operating expenses assuming that the business follows Multi-Step Income Statement? O a OMR 43,000 O b. OMR 27,000 Os OMR 56.000 MRSA O 10 The buyer received an invoice from the seiler for merchandise with list price of RO 7500 and credit terms of 2/10 and 1/30. The number 10 in the Not yet credit term is wered Marked out of 1.00 Flag question Oa Credit period Ob Trade discount Oc Percentage of Cash Discount Od Discount period Que 11 Not yet answered Marked out of 150 Al Rafta Shopping Center purchased goods from Al Muna Shopping Center for OMR 9700. Which of the following is the maximum period to pay the amount for the credit terms of 1/20, 1/60 is: O & 10 days Ob 30 days OG 1 day od 60 days Flag question Quo 12 Not yet wered Marked out of 0.50 Fuggestion The trading results of a Merchandise trader is as follows: Net Sales OMR 150,000. Cost of Goods sold OMR 90.000. Interest expenses OMR 16,000, Salesman salary OMR 24,000, Rent expense for the office OMR 2.200, Marketing expense OMR 9.500, Insurance expenses OMR 300, What will be the Office expenses assuming that the business follows Multi-Step Income Statement? O. OMR 24,000 Ob OMR 2500 Oc OMR 36,000 Od OMR 18500