Transaction Invention and innovation contest Revenues budget Inventory

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PART (B):?
The following were selected from among the transactions completed by Fulah Design during December of the current year.?
?
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.?

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