Sales (OMR) Purchases (OMR) May 37,500 18,750 June 37,500 18,750 July 75,000 26,250 August 112,500 183,750...

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Sales (OMR) Purchases (OMR) May 37,500 18,750 June 37,500 18,750 July 75,000 26,250 August 112,500 183,750 September 150,000 63,750 October 75,000 48,750 November 75,000 33,750 December 68,750 r The amount on purchases are paid by the company as follows: ØWithin the month of purchase: 5% ØDuring the month following the purchase: 80% Ø During the second month following the purchase: 15% 1. What is the total amount collected on account of purchases in July? 4 1. What is the total amount collected on account of purchases in July? 2. What is the total amount collected on account of purchases in August? 3. What is the total amount collected on account of purchases in September? 4. What is the total amount collected on account of purchases in October? + Sales (OMR) Purchases (OMR) May 37,500 18,750 June 37,500 18,750 July 75,000 26,250 August 112,500 183,750 September 150,000 63,750 October 75,000 48,750 November 75,000 33,750 December 68,750 r The amount on purchases are paid by the company as follows: ØWithin the month of purchase: 5% ØDuring the month following the purchase: 80% Ø During the second month following the purchase: 15% 1. What is the total amount collected on account of purchases in July? 4 1. What is the total amount collected on account of purchases in July? 2. What is the total amount collected on account of purchases in August? 3. What is the total amount collected on account of purchases in September? 4. What is the total amount collected on account of purchases in October? +

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