1. Saud Bahwan Company maintains its books of accounts under Perpetual Inventory System. Following are the transactions occurred during 2020. Beginning inventory Purchases made 200 cars @ OMR 8,000 per car 5,000 cars @ OMR 8,000 per car 4,800 cars @ OMR 10,000 per car Sales made Purchase return 300 cars @ OMR 8.000 per car Required: (7 Marks) a. Prepare journal entries and compute gross profit assuming the company uses a periodic inventory system. b. Prepare journal entries and compute gross profit assuming the company uses a perpetual inventory system. 1 2. Journalize the following transactions. September The main cashier issued a cheque for OMR 500 to petty cashier to establish the petty cash fund. The petty cashier paid OMR 490 for the petty expenses during September and maintained vouchers for the expenses made. September The petty cashier submitted the vouchers valued OMR 490 to the main 30 cashier and collected a cheque