Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please solve this questions You are provided with the following information for the year 2019 about Al Maha Company for four quarters. The company has

please solve this questions image text in transcribed
image text in transcribed
You are provided with the following information for the year 2019 about Al Maha Company for four quarters. The company has 5000 shares which is valued at RO 500,000 Quarter 1 Quarter 2 Quarter 3 Quarter 4 225,000 4.000 325,000 12.300 10,000 Sales Sales teams and allowances Sales discounts Net sales Cost of merchandise sold Gross Marin Salemme salaries Depreciation on fixed assets Advertising expense Office supplies expense Ganon disposal of asset Interest revenue Interest expense Net Income from operation 208,750 2 103.750 19.000 20,000 6,150 1.750 2 195.000 2 16,000 10,000 16,500 9,800 480.000 2 2,500 15.000 1.500 435.000 246,000 ? 147.000 247.000 ? 42,500 20,000 40,000 18,000 2 11.500 62,500 13,000 0 500 300 500 57850 600 7 0 82,500 ? 36800 The net sales for quarter 2 is O a. RO 302,500 b.RO 435,000 OCRO 195,000 O d.RO 246,000 Which of the following accounts is credited by the seller when merchandise purchases are paid for within the discount period? O a Accounts Payable b. Merchandise Inventory O c Sales Discounts d. Accounts Receivable Which of the following businessman is operating a Merchandise business? . Accountant b. Second hand Car trader O c Auditor d. Manufacturer

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Strategic Cost Analysis

Authors: Roger Hussey

1st Edition

160649239X, 9781606492390

More Books

Students also viewed these Accounting questions