no need for explanation

Just option A ,B ,C or D

I will rate you

Splash traders purchased merchandise on 5th May 2017 at a cost of RO 77,000 on credit under the payment terms 3/10, n/30 at FOB shipping point. The business returned goods on 9th May 2017 of RO 2,400 and the payment made by the business on 12th May 2017. How would you record as a journal entry in the books of buyer under the perpetual inventory system? a. Account payable RO 74,600 Dr /Merchandise inventory RO 2,238 Cr /Cash RO 72,362 Cr b. Cash RO 72,362 Dr/Purchase discount RO 2,238 Dr/Account payable RO 74,600 Cr c. Account payable RO 74,600 Dr / Purchase discount RO 2,238 Cr /Cash RO 72,362 Cr O d. Cash RO 72,362 Dr/Merchandise inventory RO 2,238 Dr/Account payable RO 74,600 Cr Next page Based on the following transactions of a business, how much amount you will record in the balance column of the Account receivable subsidiary ledger account? July 5- Sold RO 34,900 of merchandise inventory, terms 1/15, n 30, FOB Destination with a cost of goods sold of RO 22,450 to Rainbow traders. July 16- Received payment from Rainbow traders, sale less the discount July 27- Sold RO 64,500 of merchandise inventory, terms 1/10, n 30, FOB Shipping point with cost of goods sold RO 48,750 to Rainbow traders. a. RO 34,900 b. RO 8.900 c. RO 99,400 di RO 64,500 Raga furniture mart had the gross profit of RO 124,500, the selling expenses of RO 38,600 and the administration expenses of RO 26,400 during the year 2017.As an accounts manager, analyze the above and show the income from operations of the business for the year ended 2017? 0 a. RO 136,700 b. RO 59,500 c. RO 124,500 d. RO 189,500 Next page