5 Sold goods for cash £140. 6 Bought goods on credit £325 from C Monty. 10 Paid rents by cash £200. 12Bought stationery £45, paying in cash. 18 Goods returned to D James £41. 21 Received rent of £25 by cheque for sublet of corner space. 23 Sold goods on credit to G Cross for £845. 24 Bought a van paying by cheque £4,100. 30 Paid the month's wages by cash £360. 31 The proprietor took cash for his own personal use £80. 9. Enter the following in the personal accounts (i.e., the creditor and debtor accounts) only. Do not write up the other accounts. Balance off each personal account at the end of the month. After completing this, state which of the balances represent debtors and which represent creditors. Sept 1 Sales on credit td J Bee £520; T Day £630; J Soul £240. 2 Purchases on credit D Blue £390; F Rise £510; P Lee £280. 8 Sales on credit to T Day £640; L Hope £418. 10 Purchases on credit from F Rise £92; R James £870. 12 Returns inwards from J Soul £25; T Day £190. 17 We returned goods to F Rise £12; R James £84. 20 We paid D Blue by cheque £390. 24 J Bee paid us by cheque £400. 26 We paid R James by cheque £766. 28 J Bee paid us by cash £80. 30 L Hope pays us by cheque £4 18. 8/2021/Term 1/ Holiday Assignment Exploring

8- A merchandise dealer bought an amount of (5,000) dinars in cash. 9- A merchandise dealer bought an amount of (5000) dinars on an account. 10- A merchandise dealer bought for (9000) dinars and paid half the price in cash and the rest at the expense of. 11- The dealer paid the transportation expenses of purchases an amount of 1500 dinars in cash. 12-A merchandise dealer sold for (1000) dinars in cash. 13- A merchant sold a merchandise to Walid for a sum of (1000) dinars, received 500 cash and the rest on the account. 14- A dealer paid an amount of 2,500 dinars in cash advertising. 15-A merchant bought a merchandise for 50,000 and paid for it with a check. 16- A furniture dealer bought an amount of (75,000) dinars by check. 17-A merchant paid an amount (100,000) of rent for a store by check. 18- A merchant drew $ 50,000 for personal use by check. 19- Merchant Nabil opened a current account in the bank and deposited 15,000 dinars into it cash Money. 20- Merchant Nabil sold goods for…

Choose the correct answer: 12. On November 10 of the current year, Al-Kamil Co. sold carpet to a customer for OR 8,000 with credit terms 2/10, n/30. Al-Kamil uses the gross method of accounting for cash discounts. What is the correct entry for Al-Kamil on November 10? Select one: a. Accounts receivable                          8,000                  Sales                                                            8,000 b. Accounts receivable                          8,000                 cash discounts                                               160                  Sales                                                            7,840 c.  Accounts receivable                          7,840         cash discounts                                        160                  Sales                                                               8,000 d. Accounts receivable                          7,840                  Sales…

Nov.   1   Dollar Store purchases merchandise for $1,300 on terms of 2/5, n/30, FOB shipping point, invoice dated November 1.     5   Dollar Store pays cash for the November 1 purchase.     7   Dollar Store discovers and returns $150 of defective merchandise purchased on November 1, and paid for on November 5, for a cash refund.     10   Dollar Store pays $65 cash for transportation costs for the November 1 purchase.     13   Dollar Store sells merchandise for $1,404 with terms n/30. The cost of the merchandise is $702.     16   Merchandise is returned to the Dollar Store from the November 13 transaction. The returned items are priced at $285 and cost $143; the items were not damaged and were returned to inventory.