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, Cupboard 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 Farid, Muladha: 20 tables, 2 revolving chair. Less 25% trade discount. Gross Amount: Trade Discount $1,200 $12,400 Net Amount: $124,000 $1,600

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, Cupboard 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 Farid, Muladha: 20 tables, 2 revolving chair. Less 25% trade discount. Gross Amount: Trade Discount $1,200 $12,400 Net Amount: $124,000 $1,600

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter6: Merchandising Transactions

Section: Chapter Questions

Problem 1EA: On March 1, Bates Board Shop sells 300 surfboards to a local lifeguard station at a sales price of...

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