Question: please solve it in word file please solve all Q .. all entries different read it cirfully I will rate you up Ibri furniture had
Ibri furniture had the following transactions during the month of August 2017. a) Purchased goods on 7th August 2017 at a cost of RO 45,000 on credit under the payment terms 1/10, n/30. b) Purchased goods on 23rd August 2017 at a cost of RO 28,000 by paying cash. c) The Ibri furniture paid the shipping charges of RO 700 for the goods purchased on 23rd August 2017. d) The goods returned by ibri furniture on 10th of August for RO 1,200. e) The business received a discount because the payment made before 10 days for the goods returned of RO 1,200. ) Purchased goods on 7th August 2017 at a cost of RO 45,000 on credit under the payment terms 1/10,n/30. The payment was made on 14th August 2017 without any returns. g) Purchased goods on 7th August 2017 at a cost of RO 45,000 on credit under the payment terms 1/10, n/30. The payment was made on 14th August 2017 with returns and discount. h) Purchased goods on 7th August 2017 at a cost of RO 45,000 on credit under the payment terms 1/10, n/30. The payment was made on 31st August 2017. Based on the above transactions, write down the journal entries in the books of (Ibri furniture- Buyer) by using Perpetual inventory method
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