Al-Faisal Company is a well-known perfume trader in Oman. The company was established in 1976 and trading local and international perfumes through five of its stores. Recently it has added watches, cosmetics and accessories in its inventory along with perfumes. The company has engaged in the following transactions in April 2020. April 5 Purchased perfumes on account from Rayyan Company OMR 1,400, terms 2/10, n/60, FOB shipping point. 7 Paid freight on purchases from Rayyan Company OMR 100. 9 Received credit from Rayyan Company for perfumes returned OMR 200. 10 Sold perfumes on account to customers OMR 1,200, terms n/30, FOB destination. The perfumes sold has a cost of OMR 800. 11 Paid freight on April 10 sales OMR 50. 12 Purchased perfumes on account from Badriyya Company OMR 900, terms 2/10, n/30. 14 Paid Rayyan Company in full. 17 Received credit from Badriyya Company for perfumes returned OMR 40. 20 Made sales on account to customers OMR 800, terms n/30. The cost of the perfumes sold was OMR 540. 21 Paid Badriyya Company in full. 24 Purchased perfumes on account from Khalid for OMR 1,000, terms 1/10/EOM, n/60. 27 Granted an allowance to customers for perfumes that have partially lost their fragrance OMR 100. 30 Received payments on account from customers OMR 1,800. Question 2: a. You are required to prepare journal entries to record the transactions, when the company uses; i. Periodic Inventory System, and (3.5 Marks) ii. Perpetual Inventory System. (3.5 Marks) b. How modern Accounting Information System assists the management in decision making process? (3 Marks)