Question 9 Not yet answered Marked out of 100 Flag question The Muscat traders, a customer returned goods of RO 2,400, sold on 15th August 2018 to Global Mart and no payment received. How would you record this in the books of seller under the periodic inventory system? O a Sales returns and allowances RO 2,400 Dr Account receivable RO 2,400 Cr b. Account payable RO 2,400 Dr / Merchandise inventory RO 2,400 Cr OC. Account payable RO 2,400 Dr / Account receivable RO 2,400 Cr Od. Account receivable RO 2,400 Dr / Sales returns and allowances RO 2,400 C Question 10 Not yet answered Marked out of 100 Flag question Redmoon Traders provided the following inventory information for the month of March 2018. Units Cost (RO) Amount (RO) March - 1 Beginning inventory 400 10 4,000 March 8-Purchases 250 20 5,000 March 18- Purchases 350 25 8,750 March 20 - Purchases 200 30 6,000 The business sold March 18 purchases on 26th March at a cost of RO 40 each by using Specific identification method. Calculate the Closing inventory of the above business, a, RO 8,750 O b. RO 5,000 O C. RO 6,000 O d.RO 15,000 Question 13 Ibri mart purchased goods on 12th March, 2018 for RO 84,000 from Nizwa mart. If the credit term is followed as 3/EOM, Calculate the discount amount paid by the business. answered Marked out of 100 O a RO 84,000 O b. RO 81,480 OG RO 2,520 Flag question O d.RO 86,520