Particulars OMR Opening Balance: Cash 35,000 Sohar bank account 62,000 Khalid (supplier) Loan against Machinery Capital Purchased goods by cheque with 8 % trade discount 15,000 75,000 ??? 15,000 Withdrew from bank for personal use 1,200 Sold goods for cash with cash discount of 2% 8,700 Purchased goods from Al Rayan Industries 14,000 Sold goods to Sammuel &Co 9,200 Paid prouctive wages by chegue 2800
Particulars OMR Opening Balance: Cash 35,000 Sohar bank account 62,000 Khalid (supplier) Loan against Machinery Capital Purchased goods by cheque with 8 % trade discount 15,000 75,000 ??? 15,000 Withdrew from bank for personal use 1,200 Sold goods for cash with cash discount of 2% 8,700 Purchased goods from Al Rayan Industries 14,000 Sold goods to Sammuel &Co 9,200 Paid prouctive wages by chegue 2800
Chapter6: Merchandising Transactions
Section: Chapter Questions
Problem 14MC: A customer pays on credit for $1,250 worth of merchandise, terms 4/15, n/30. If the customer pays...
Related questions
Question
100%
What is name of account of this items
![Particulars
OMR
Opening Balance:
Cash
35,000
Sohar bank account
62,000
Khalid (supplier)
15,000
Loan against Machinery
Capital
75,000
???
Purchased goods by cheque with 8% trade discount
15,000
Withdrew from bank for personal use
1,200
Sold goods for cash with cash discount of 2%
Purchased goods from Al Rayan Industries
Sold goods to Sammuel &Co
Paid productive wages by cheque
8,700
14,000
9,200
2,800
Returned damaged goods to Al Rayan Industries
1,300
Purchased Computers for storing business data from
multimedia Electronics
4,200
Sammuel & Co returned goods worth
1,100](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F76f2b418-41d3-4360-8764-b07aa65541f5%2F7626f534-8adf-4daf-8ded-63a027dae2af%2Fdud319k_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Particulars
OMR
Opening Balance:
Cash
35,000
Sohar bank account
62,000
Khalid (supplier)
15,000
Loan against Machinery
Capital
75,000
???
Purchased goods by cheque with 8% trade discount
15,000
Withdrew from bank for personal use
1,200
Sold goods for cash with cash discount of 2%
Purchased goods from Al Rayan Industries
Sold goods to Sammuel &Co
Paid productive wages by cheque
8,700
14,000
9,200
2,800
Returned damaged goods to Al Rayan Industries
1,300
Purchased Computers for storing business data from
multimedia Electronics
4,200
Sammuel & Co returned goods worth
1,100
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College