Question 28 Not yet answered Marked out of 2.00 On Feb 15, Al Maha Company sold goods to Al Shams Company for $15,000 under credit terms of 2/15, 1/45, FOB Shipping Point On Feb 17. Al Shams Company returned goods worth $1,500, Flag question How will Al Maha Company record the transaction on Feb 15|| Debit Accounts Payables $15,000. C'edit Sales $15.000 Debit Accounts Payables $15.000 Credit Purchases $15.000 Debit Accounts Receivable $15,000: Credit Sales $15,000 How will Al Maha Company record the transaction on Feb 17 Debit Purchases $15.000 Credit Accounts Payables $15.000 Question 28 Not yet answered Marked out of 200 Flag question On Feb 15, Al Maha Company sold goods to Al Shams Company for $15,000 under credit terms of 2/15, 1/45, FOB Shipping Point On Feb 17. Al Shams Company returned goods worth $1,500. How will Al Maha Company record the transaction on Feb 15? How will Al Maha Company record the transaction on Feb 172 Debit Returns inwards $1,500: Credit Accounts Receivables $1,500 Debit Returns Outwards $1,500: Credit Accounts Receivables $1.500 Debit Returns Outwards $1.500; Credit Accounts Payables $1.500 Debit Accounts Receivables $1,500 Credit Returns Inwards $1.500 wo 29 Question 29 Not yet answered A method of valuing inventory best used when the prices change from purchase to purchase and consistency is needed Marked out of 1.00 Flag question Weighted Average LIFO Specific Identification FIFO Question 30 Not yet answered The source of information for discount allowed to be entered in the Sales ledger control account is Marked out of 100 Sales Returns Day Boot Journal Cash Book Sales Day Book Flag question Question 31 Not yet The following information is provided to you: answered Non Current Asset Cost Accumulated Depreciation Marked out of 1.00 Buildings $150,000 $35,000 P Flag question What is the Net Book Value of Buildings? $35,000 $185,000 $150,000 $115,000 Question 32