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Exercise 2: - On 5/1/2001 the balance of the saving accounts was SR 400,000. - On 5/15/2001 the saving deposits were SR 300,000. - On 6/1/2001 the saving interest was calculated according to 5%, annual interest rate. The interest was given to the customers in cash. - On 6/10/2001 the saving withdrawals were SR 115,000. - On 6/25/2001 the saving deposits were SR 95,000. - On 7/1/2001 the saving interest was calculated according to 6%, annual interest rate. The interest was deposited into the current accounts for the customers. Required: 1. Calculate the debit interest on saving accounts using LIFO Method 2. Journalize the transactions in the general journal. 3. Post them in the related accounts