11. Muscat Mills Limited of Oman sent 200 pieces of clothing's to Isaam stores , Buraimi on consignment basis. The cost to Muscat Mills Limited is 1200 OMR per piece . Isaam stores , Buraimi paid the...

Please help me and please do it fast. Thanks in advance11. Muscat Mills Limited of Oman sent 200<br>pieces of clothing's to Isaam<br>stores , Buraimi on consignment basis. The<br>cost to Muscat Mills Limited is 1200 OMR<br>per piece .<br>Isaam stores , Buraimi paid the following expenses<br>Rent and Insurance 3000 OMR<br>Railway freight<br>2000 OMR<br>Muscat Mills Ltd, drawn on the consignees a draft<br>for 60,000 OMR ,which is duly accepted.<br>. It is discounted for 57,300. Later , Isaam stores<br>Buraimi reports that the entire consignment has<br>been sold for OMR 156,000.<br>Prepare the journal entries to reflect the above<br>transactions.<br>

Extracted text: 11. Muscat Mills Limited of Oman sent 200 pieces of clothing's to Isaam stores , Buraimi on consignment basis. The cost to Muscat Mills Limited is 1200 OMR per piece . Isaam stores , Buraimi paid the following expenses Rent and Insurance 3000 OMR Railway freight 2000 OMR Muscat Mills Ltd, drawn on the consignees a draft for 60,000 OMR ,which is duly accepted. . It is discounted for 57,300. Later , Isaam stores Buraimi reports that the entire consignment has been sold for OMR 156,000. Prepare the journal entries to reflect the above transactions.

Jun 11, 2022
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