Exercise 1 Classify the following transactions into different books of Prime entry of a Merchandise business: (Perpetual Inventory System) Date Transactions Type of Special April 1 Journal 2018 1 5 6 7 Your business receive invoice from Muscat Electronics for OMR 15,000 Your business issue invoice to Nizwa Electronics for OMR 25,000 Payment made to Sundry Creditors OMR 12,000 Your business issue debit note to Muscat Electronics OMR 5,000 Received cash from Accounts receivable OMR 8,000 Your business receives credit note from Nizwa Electronics for OMR 5,600 Paid for stationery purchased for RO 30 10 15 20