Record the following transaction in simple cash book for November 2020: 01 Cash in hand 12,500 04 Cash paid to Hari 600 07 Purchased goods 800 12 Cash received from Amit 1,960 16 Sold goods for cash 800 20 Paid to Manish 590 25 Paid cartage 100 30 Paid salary 1,000
Q: Record the following transaction in simple cash book for November 2020: 01 Cash in hand 12,500 04…
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- 10) olo traders has the following transactions for the month of February 2019. 9- Goods purchased and paid cash of RO 2,200 14- Paid Salaries of RO 800 19- Paid cash of RO 2,500 to NBO for the payment of loan. 24- Paid RO 6,600 to Black traders for the goods purchased on credit. Calculate and show the amount which will be transferred to Others column of Cash payments book for the month of February 2019? a. RO 12,100 b. RO 5,500 c. RO 2,200 d. RO 3,300Calculate the cash discount and the net amount due the transaction (in $). (Round your answers to the nearest cent.) Amount of Terms of Cash Net Invoice Sale Discount Amount Due $9,010.20 4/10, n/30 180.204 $ 8829.996Calculate the cash discount and the net amount due the transaction (in $). Amount ofInvoice Terms ofSale CashDiscount NetAmount Due $15,660.00 2/10, n/45 $ $
- An invoice in the amount of $200 carries cashterms of “2/10, net 30.” If the buyer takesadvantage of the discount terms, how much willthe buyer pay?a. $100b. $120c. $140d. $160e. $196Calculate the cash discount and the net amount due the transaction (in $). (Round your answers to the nearest cent.) Amount ofInvoice Terms ofSale CashDiscount NetAmount Due $7,010.20 4/10, n/30 $ $A. Cash Discount1. An invoice for Php 70 250 dated March 25, terms 5/10, 2/30, n/60, is paidin full on April 20. What is the total amount paid to settle the account?2. Ms. Garcia received an invoice dated April 18 amounting to Php 30 123for her orderedplants. The invoice comes with cash discount terms, 5/5, 2/15, n/30, R.O.G.The plants were received on April 25. If she paid on May 12, how much did she pay?
- 2020 Jan 01 Balance brought forward from last month: Cash OMR 10000; Bank OMR 20000. 30 We returned goods to Mr. Zahir OMR 500. 09 Withdrew OMR 5000 from the bank for business use. 11 Paid insurance by cheque OMR 1000. 29 Goods returned to us by Mr. Fatima OMR 500. 12 Zara lent us OMR 2000 in cash. 13 Cash sales paid directly in to the bank OMR 1000. 2 Credit purchase from Mr. Zahir OMR 8000. 5 Credit purchase from Mr. Saalim OMR 2000 7 Credit sales to Mr. Waleed OMR 500 15 Vahab paid us by cheque OMR 500. 21 Cash sales OMR 500. 30 Withdrew OMR 500 from the bank for personal use. 1 Credit sales to Ms. Fatima OMR 5000. 25 Mr. Waleed returned goods to us OMR 1000. 27 We returned goods to Mr. Saalim OMR 1000…21) Solo traders has the following transactions for the month of February 2019. 9- Goods purchased and paid cash of RO 2,200 14- Paid Salaries of RO 800 19- Paid cash of RO 8,400 to Ali mart for the goods purchased on credit. 24- Paid RO 6,600 to Black traders for the goods purchased on credit. Calculate and show the amount which will be transferred to Account payable column of Cash payments book for the month of February 2019? a. RO 8,400 b. RO 2,200 c. RO 15,000 d. RO 800APPROPRIATE LEDGER ACCOUNT FOR RETURNED GOODS WORTH RM150 TO SHAH
- Analyse the following information using a Cash T: Schedule C Cash Receipts: $120,000 Schedule C Cash Expenses: $135,000 Personal Living Expenses: $65,000 Is this preliminarly under or overstatement income and what is the amount?Cash Receipts from Customers Singleton Inc. had accounts receivable of $22,150 at January 1, 2019, and $26,850 at December 31, 2019. Net income for 2019 was $125,300 and sales revenue was $1,240,000. Required: Compute the amount of cash collected from customers using the direct method.On November 2, 2022, Swifty Company has cash sales of $6050 from merchandise having a cost of $3600. The entries to record the day's cash sales will include: a $6050 debit to Accounts Receivable. • a $3600 credit to Cost of Goods Sold. a $3600 credit to Inventory. ● a $6050 credit to Cash.