ممكن تفهوني دي المساله محاسبه 117

[khalid altaif]

Prepare the necessary journal entries on the books of ALFANAR Enterprise to record the following transactions, assuming a perpetual inventory system (you may omit explanations):

May 5 th purchased SR 40,000 of merchandise on account from "ALAMAL" Enterprise, terms 2/10, n/30; F.O.B destination point.

May 6 th Sold merchandise costing SR14,000 for SR 26,000 to "ALBANDAR" Company, terms 5/15 n/35; F.O.B shipping point.

May 7 th Returned SR 4,000 of damaged merchandise to "ALAMAL"
Enterprise for credit.
May 15 th Paid for the merchandise purchased.
May 24 th Received payment for the merchandise sold





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