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Use the following information to answer question 13 to 17: The following transactions were completed by Sibat Ceria Enterprise during March 2021. Sibat Ceria Enterprise
Use the following information to answer question 13 to 17: The following transactions were completed by Sibat Ceria Enterprise during March 2021. Sibat Ceria Enterprise uses the perpetual inventory system. March 1 | Purchased RM65,000 of merchandise on account from manufacturer, Orxong terms 3/10, n/30, FOB shipping point. 6 Returned RM3,000 of the merchandise purchased on March. 9 Paid to Oxon for the purchase on 1 March less the return and discount. 18 Sold merchandise on account to Peroiagean Murgh RM12,000, terms 2/10, n/30, FOB shipping point was RM200. The cost of merchandise sold was RM4,000. 27 Received payment from Berniagain Muri for the sale on 18 March. 13. What is the amount of purchase discount received from Oxon on 9 March 2021? A. RM6,000 B. RM1,850 C. RM1,950 D. RM1,860 14. What is the amount of cash required to pay Orson on 9 March 2021? A RM56,000 B. RM60,140 C. RM62,000 D. RM60,050 15. The journal entry to record the transaction on 18 March 2021 is: A. Debit Account Receivable RM12,000 Credit Sales RM12,000 Debit Cost of Merchandise Sold RM8,000 Credit Merchandise Inventory RM8,000 B. Debit Account Receivable RM12,000 Credit Sales RM12,000 Debit Cost of Merchandise Sold RM4,000 Credit Merchandise Inventory RM4,000 C. Debit Account Receivable RM12,000 Credit Sales RM12,000 D. Debit Account Receivable RM4,000 Credit Sales RM4,000 Debit Cost of Merchandise Sold RM12,000 Credit Merchandise Inventory RM12,000 16. What is the amount of cash received from Syarikat Murni on 27 March 2021? A. RM11,760 B. RM12,000 C. RM3,920 D. RM4,000 17. What is the amount of transportation cost paid by Sibet Ceria Enterprise on 18 March 2021? A. RM200 B. RM400 C. RM100 D. RMO
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