The following transactions are extracted from Ruba Stores for the period 2020: 1/3 purchased goods from Ayman
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Question:
The following transactions are extracted from Ruba Stores for the period 2020:
1/3 purchased goods from Ayman on account for 6,0000$ on account ,(FOB-destination), (3/10.n/25).
3/3 Returned to Ayman defective goods costing 3000$.
6/3 paid half of the due amount to Ayman cash.
8/3 sold merchandise costing 25000$ for Arwa on account for 38000$ on account .
10/3 Received all due amount from Ayman and availed 500$ as discount from him
Required ;
Pass the journal entries in Ruba Records.
Related Book For
Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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