Q4. The following transactions took place in the month of May, 2019 when Hamed Food Store made purchases of merchandise from Salim Company: (i) 5th May 2019 : Hamed purchased OMR 15,000 of merchandise with credit terms of 2/10, n=30 and shipping terms FOB Destination. (ii) 7th May 2019 : If Hamed returned OMR 175 of merchandise to Salim Wholesale before paying for the goods. (iii) 11'" May 2019 : Hamed paid the amount owed after returning the merchandise. (iv) 22nd May 2019 : Hamed purchased OMR 10,000 of merchandise for cash with shipping terms FOB Shipping Point. (v) 25'" May 2019 : Hamed paid transportation charges OMR. 250 You are required to record Journal entries in the books of Hamed Food Stores under perpetual inventory system. You are also expected to determine the value of closing merchandise inventory. (10 Marks)