Q1: Al Qud, Paramount House, Bausher, is dealing in trading of Furniture. They are selling the following items through his retail shop in Bausher:

Tables $600 per table,

Chairs at $600 per chair,

Cupboards at $3000 per cupboard

Revolving Chairs at $200 per chair.

Required:

Calculate the amounts to be recorded in Sales Day Book in respect of the following sales made during the month of November 2019 [ 3 MARKS]

Nov 1 To Mazin, Shinas: 10 tables, 4 revolving chairs, Less 25% trade discount.

1- Gross Amount:

$6,000

$6,800

$6,200

$6,400

2- Trade Discount:

$1,500

$1,550

$1,700

$1,600

3- Net Amount:

$4,500

$5,100

$4,800

$4, 650

Nov 5 To Bashir Co, Sohar: 14 chairs, 9 revolving chairs. Less 40% trade discount.

4- Gross Amount:

$8,100

$9,200

$10,200

$10,000

5- Trade Discount:

$3330

$4,080

$8,040

$2,700

6- Net Amount:

$5,400

$6,120

$6130

$6670