company ranges from carbon pencil to cartridge. It has earned the reputation of delivering high quality products in a timely manner. The following transactions are relating to Stationery Hut for the month of April 2020, Date Transaction April 1Purchased merchandise on account from Rayyan Company OMR 2,000, terms 2/10, 1/60, FOB shipping point. 7 Paid freight on merchandise purchased on April 1, OMR 100. 9 Received credit from Rayyan Company for merchandise returned, OMR 300. 10 Sold merchandise on account to Qasim OMR 1,500, terms 3/10, 1/30, FOB destination. The cost of the merchandise sold was OMR 900. 11 Paid OMR 100 freight on April 10 sale, 11 Paid Rayyan Company in full for the purchase of April 1, less return and discount. 12 Purchased merchandise on account from Badriyya Company OMR 800, terms 2/10, 1/30, FOB destination. 14 Sold merchandise on account from Mahnad OMR 5,000, terms 2/10, 1/30, FOB shipping point. The cost of the merchandise sold was OMR 3,000. 15 Purchase merchandise for cash OMR 2,000 based on FOB shipping point. 16 Received refund from supplier OMR 200 cash for returned merchandise on cash purchase of April 15 18 Paid freight on merchandise purchased on April 15, OMR 100. 20 Received collections in full from Qasim, billed on April 10, less discounts. 30 Salary paid OMR 1,20. Question - 3: a. Under Perpetual Inventory System, you are required to prepare; i. Special Journals and General Journal (5 Marks) ii. Accounts Receivable Subsidiary Ledger Accounts and Accounts Payable Subsidiary Ledger Accounts (3 Marks) iii. Accounts Receivable Control Account and Accounts Payable Control Account (2 Mark) Page 6 of 8