Beta company purchased merchandise worth $6,500 from Alpha company on July 1 with terms of 3/10, n/30. On July 6, it returned $250 of the merchandise purchased. On July 9, it paid the balance owned to Alpha company. Calculate the amount of cash paid on July 9 to Alpha company. (Round the final answer to the nearest whole number.) a. $6,063 b. $6,250 c. $6,500 d. $6,305

On April 6, Home Furnishings purchased $32,000 of merchandise from Una's Imports, terms 3/10, n/45. On April 8, Home Furnishings returned $6,700 of the merchandise to Una's Imports for credit. Home Furnishings paid cash for the merchandise on April 15. Required a. What is the amount that Home Furnishings must pay Una's Imports on April 15? b. Record the events in a horizontal statements model. In the Cash Flow column, use OA to designate operating activity, IA for investing activity, FA for financing activity, or NC for net change in cash. If the element is not affected by the event, leave the cell blank. c. How much must Home Furnishings pay for the merchandise purchased if the payment is not made until April 20? d. Record the payment of the merchandise in Requirement (c) in a horizontal statements model. In the Cash Flow column, use OA to designate operating activity, IA for investing activity, FA for financing activity, or NC for net change in cash. If the element is not affected by…

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1. Refunded cash on sales made for cash, $3,000. The cost of the merchandise returned was $1,800. Instruction a) Journalize the transaction

wner contributed computer costing RO. 9000, inventory worth OR 8000 and in cash OR 32000 . What is his Capital ? Select one: a. OR 49000 b. OR 8000 c. OR 32000 d. OR 39000   Rent revenue received OMR 3500  by cheque . The correct entry--- Select one: a. CASH A/C  DR   RENT A/C  CR b. BANK A/C  DR  RENT A/C CR c. RENT A/C   DR    CASH A/C CR  d. RENT A/C DR   BANK A/C CR   If a business has purchased goods for OMR 50000 and 25%was on account . Find out value of account payable? Select one: a. OMR 12500 b. OMR 50000 c. OMR 37500 d. OMR 32500

BES-2 Prepare the journal entries to record the following transactions on Rowen Company's books: (a) On March 2, Hunt Company sold $900,000 of merchandise to Rowen Company, terms n/30. The cost of the merchandise sold was $600,000. (b) On March 6, Rowen Company returned $130,000 of the merchandise purchased on March 2 The cost of the returned merchandise was $90,000. The merchandise was returned to inven- tory for future resale. (c) On March 31, Hunt Company received the balance due from Rowen Company.