I hope to answer the question completely, explaining the steps for the solution and putting the question number before the answer, please help me, I will not forget your favour I have posted these questions before in this program, but I received wrong answers, please do not copy them
Intermediate Accounting
6. XYZ sold goods on credit to Khalid and the company received a 180 day, 8%, OMR 10,857 note dated September 3, 2020. How much is the increase to interest income on December 31, 2020?
7. ABC Company sold goods on June 15, 2020 with a catalog price of OMR 5,857 and a trade discount of 20% and a sales discount term of 2/10, n/30. The customer paid on June 21, 2020. How much is the cash collected from the customer on this date?
8. ABC Company sold goods on June 15, 2020 with a catalog price of OMR 5,857 and a trade discount of 20% and a sales discount term of 2/10, n/30. The customer paid on June 21, 2020. How much is the cash collected from the customer on this date?
9. ABC Company sold goods on June 15, 2020 with a catalog price of OMR 5,857 and a trade discount of 20% and a sales discount term of 2/10, n/30. The customer paid on June 21, 2020. How much is the cash collected from the customer on this date?
10. ABC Company sold goods on July 5, 2020 with a catalog price of OMR 6,857 and a trade discount of 10% and a sales discount term of 3/10, n/30. The customer reported damaged goods on July 6,2020 and requested for a reduction in its account. The customer paid on July 11, 2020. What is the journal entry on July 11, 2020?
