PART (B):?
The following were selected from among the transactions completed by Fulah Design during December of the current year.?
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| Dec 3.? | Purchased merchandise on account from Jati Enterprise, list price RM22,000, trade discount 25%, term FOB shipping point, 2/10, n30, with prepaid transportation cost of RM660 added to the invoice.?? |
| 5.? | Purchased merchandise on account from Tsofa Enterprise, RM20,250, terms FOB destination, 2/10, n30.?? |
| 6.? | Sold merchandise on account to Melati Wholesale, list price RM18,000, trade discount 35%, terms 2/10, n30. The cost of merchandise sold was RM8,250.?? |
| 7.? | Returned RM2,800 of merchandise purchased on 5 December from Tsofa Enterprise.?? |
| 13.? | Paid Jati Enterprise on account for purchase of 3 December, less discount.?? |
| 15.? | Paid Tsofa Enterprise on account for purchase of 5 December, less return of December 7 and discount.?? |
| 16.? | Received cash on account from sale of 6 December to Melati Wholesale, less discount.?? |
| 19.? | Sold merchandise on MasterCard, RM49,500. The cost of the merchandise sold was RM23,700.?? |
| 22.? | Sold merchandise on account to Furniture Resources, RM15,300, terms 2/10, n30. The cost of the merchandise sold was RM6,700.?? |
| 23.? | Sold merchandise for cash, RM27,680. The cost of the merchandise sold was RM12,100.?? |
| 28.? | Received merchandise returned by Furniture Resources from sale of 22 December, RM3,000. The cost of the returned merchandise was RM1,400.?? |
| 31.? | Paid MasterCard service fee of RM1,050.? |