5-Royal traders LLC accounting records shows the following for the year ending on 31 December 2019, Purchase Discounts RO 2,800, Purchases RO 150,000, Transportation in RO 150. Ending Inventory (Counted) RO 14,400, Purchase Returns 3,200. The value of Net Cost of Purchases assuming that the business does not have any beginning merchandise inventory a. RO 144,150 b. RO 144,000 c. RO 143,350 d. RO 129,750
5-Royal traders LLC accounting records shows the following for the year ending on 31 December 2019, Purchase Discounts RO 2,800, Purchases RO 150,000, Transportation in RO 150. Ending Inventory (Counted) RO 14,400, Purchase Returns 3,200. The value of Net Cost of Purchases assuming that the business does not have any beginning merchandise inventory a. RO 144,150 b. RO 144,000 c. RO 143,350 d. RO 129,750
College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)
22nd Edition
ISBN:9781305666160
Author:James A. Heintz, Robert W. Parry
Publisher:James A. Heintz, Robert W. Parry
Chapter14: Adjustments And The Work Sheet For A Merchandising Business
Section: Chapter Questions
Problem 1SEB: ADJUSTMENT FOR MERCHANDISE INVENTORY USING T ACCOUNTS: PERIODIC INVENTORY SYSTEM Sandra Owens owns a...
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5-Royal traders LLC accounting records shows the following for the year ending on 31 December 2019, Purchase Discounts RO 2,800, Purchases RO 150,000, Transportation in RO 150. Ending Inventory (Counted) RO 14,400, Purchase Returns 3,200. The value of Net Cost of Purchases assuming that the business does not have any beginning merchandise inventory
a.
RO 144,150
b.
RO 144,000
c.
RO 143,350
d.
RO 129,750
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