Question: 6 : 168 Word, Excel, PPT PDF, , Muscat Traders Sent 500 water heaters to .15 Nizwa Traders on consignment. The consignee is entitled

6 : 168 Word, Excel, PPT PDF, , Muscat Traders Sent 500

6 : 168 Word, Excel, PPT PDF, , Muscat Traders Sent 500 water heaters to .15 Nizwa Traders on consignment. The consignee is entitled to receive 10% commission plus expenses. The cost of the water heater is RO.15.000 per piece. Muscat Traders spent RO. 1250 for transportation of the goods. Nizwa spent RO. 400 for advertising and RO. 300 for selling expenses. Nizwa Traders sold all the water heaters at the rate of RO 23.000 per piece. Consequently the stores sent an account sales enclosed with a payment receipt for the balance amount. Pass journal entries and prepare .Consignment account 1-4 LO) ( ) 14 ) 5 : 168 : Word, Excel, PP, PDF, ,

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Activity Rates Zapato Company produces two types of boots: vaquero and vaquera. There are four activities associated with the two products. Drivers for the four activities are as follows: Vaquero...

Consider the following: (Click the icon to view the information.) Read the requirements. Requirement 1. For each depreciation method, prepare a depreciation schedule showing asset cost, depreciation...

View Policies Current Attempt in Progress Ivanhoe Inc. has 4 product lines: sour cream, ice cream, yogurt, and butter. Demand of individual products is not affected by changes in other product lines....

this is the question about financial economics, my group already finished all of questions and left (g) and (i) . I will upload my word and excel for question data and group work, please add your...

-Use the Financial Statements; Do not create new accounts jusr follow whats below bank and cash reconciliation for May 31st 2020. the General Journal for the month (all journal entries including...

Using Jupyter Notebook my friends... I give upvote once done. Thank you very much! Write codes in Jupyter notebook as required by the problems. Copy both code and output as screen grab or screen shot...

DS 510 W - Introduction to Data Science Final Project In this project you will investigate the impact of a number of automobile engine factors on the vehicle's mpg. The dataset auto-mpg.csv contains...

What makes a computer fast? Your answer: Microprocessor(CPU) speed Bus line size RAM speed Availability of cache All of the Above In cell D2, a student's average grade is written. If this grade is...

d. [2 Points] Plot In (Income;) and Lottery; and describe it. Does the relationship look linear? Which relationship better aligns to the 1st assumption of OLS? e. [1 Points] Estimate the regression...

I am studying for my final exam that is tomorrow I will bold the answers I have gotten, I am not sure if i am using the correct excel test or not In what follows use any of the following...

Sketch the EPR spectra of the di-tert-butyl nitroxide radical (10) at 292 K in the limits of very low concentration (at which electron exchange is negligible), moderate concentration (at which...

There are two bodies of masses 10 kgand 10 kgseparated by a distance of 1km. At a distance kmfrom the smaller body, the intensity of gravitational field is zero. Find the value of p Backspace 7 8 9 4...

Activities Grades Classlist Learner Management Discussions List Niew Topic 1 Subscribe Provide an example of how an organization might create a competitive advantage in each of the following areas:...

The following data were accumulated for use in reconciling the bank account of Allenby Co. for August: 1. Cash balance according to the company's records at August 31, $31,080. 2. Cash balance...

Youve been hired to perform an audit of Hubbard Company for the year ended December 31, 2016. You find the following account balances related to shareholders equity': Preferred stock, $100 par ....$...

Determine the amount of the child- and dependent-care credit to which each of the following taxpayers is entitled: a. Caryle and Philip are married and have a 4-year-old daughter. Their adjusted...

New Morning Bakery is in the process of closing its operations. It sold its twoyear- old bakery ovens to Great Harvest Bakery for $600,000. The ovens originally cost $800,000, had an estimated...

Determine the total allowable 2015 earned income credit in each of the following situations: a. Rina is single and earns $6,300 in salary for the year. In addition, she receives $1,450 in...

1 . 2 REQUIRED Calculate the cost of sales from the information provided below. INFORMATION ( 2 marks ) Angel Stores sold goods to a customer for R 3 0 0 0 . Angel Stores priced the goods at cost...

appreciate the factors which have given rise to the need for a more strategic approach to marketing management AppendxiLO1

Company S is an 80%-owned subsidiary of Company P. For 20X1, Company P reports internally generated income before tax of $100,000. Company S reports an income before tax of $40,000. A 30% tax rate...

be familiar with the steps in strategic marketing planning AppendxiLO1