1. Riyadh is a merchandising company. During July the following transactions were provided: Purchases Uune 1 200 units 3.20 SR June 2 Sales 300 units 5.50 SR 800 units 5.50 SR 1,000 units 6.00 SR 1,100 units 3.10 SR 6 7 600 units 3.30 SR 9 15 900 units 3.40 SR 22 500 units 3.50 SR the ending inventory under the FIFO costing method: Select one: a. 3,740 SR O b. 4,130 SR O c. 4,080 SR O d. 4,470 SR ys Elgisi (en Madhawi Ibrahim Suliman Alzakri that has a debit balance at of Gadah is a licensed architect. During the first month of the operation of her business, the following events and transactions occurred. 1. Gadah invested 250,000 cash in the company 2. Paid 2,450 SR for a one-year insurance policy. 3. Purchased architectural supplies on account from ABC Company 3,670 SR 4. Purchased furniture and equipment costing 60,000 SR. Gadah has paid 20,000 SR cash, the remainder will be paid the following month 5. Paid 1,670 SR to ABC Company for accounts payable due. the ending balance of the Account Payable account is.. Select one: O a. 43,670 SR Credit O b. 44,450 SR Credit c. 42,000 SR Credit O d. 63,670 SR Credit 10 Show All O c. 42,000 SR Credit O d. 63,670 SR Credit 10 Madhawi Company wants to purchase equipment to run the business; therefore, the company signed a one-year 40,000 SR note payable at 8% interest on July 1, 2019. if Madhawi adjusts its accounts once a year at year-end, how much interest expense was accrued on December 31, 2019? d out of Seect one: O a. 1,600 SR O b. 2,347 SR O c. 3,200 SR O d. 267 SR Next page Jump to... Announcements Show All x Ch9.docx ch11.doc ch10 Summary.pptx