second duty Financial Accounting Principles 201 ACCT On the first of Muharram 1443 A, the "A-Salam Trading facility was estab shed the capita of 1.000.000 riyals provided by the ownezin Picture a group of assets as follows: 400,000 riyals lands 200,000 riyals 100000 riyals 120000 riyals ewide 180000 riyals bank cash The lowing are the operations that took place during the month of Maram 1- in 1/2 The facility purchased goods on the account from the Arab company for an amount of 80,00 nyals with conditions , 102/30, provided that the delivery of the buyer's place will be 2- in 1/3 The facility purchased youds for the amount of 50.000 lyss from Areas Company and paid its price by check , The transportations within 4000 nyals were also paid by check 3- in 1/5 The fatty retarned the goods purchased in 12 for the amount of 10.000 nye for not conforming to the specificatiesas 1 gota allowance of 2000 riyals for the rest of the merchandise purchased due to some damage to it 4- in 1/6 She returned part of the merchandise purchased on 13 in the amount of conyals and got its value in cash 5 - in 1/8 She scle merchandise for the amount of 2.000 nyals on the account of Hum Company, on the terms of 102/30 s2, / en 6- in 1/9 She bought merchandise on the account in the amount of 4,0 from Saber Brothers Trading Company or conditiers ryals on 103. p. and the delivery of the purchased goods will be in the place of the seller p3 7. in 1/10 the presenting the prese per te breites Comey martin asenyah were paid by check af 8- On 1/11 I paid the due to the Arab company by check 9- on 1/13 Al-Hossam Company refunded part of the goods sold to it on 1/8 with an amount of sooriyals due to the lack of conformeay to specifications. Al usam Company also received a grace amount of Arayals as a result a because there are some damages in the goods sent to them. 10-at 1/15 She said the dues to Saber Dothers Conperty with a check. 11- on 1/16 She sole merchandise for cash an amount of 13600C rats. 12- On 1/17 Al-Hussam Trading Company paid the dues in cash. 13-at 1/25 The company paid the following expenses in cash: 10000 riyals Sales and 2000 riyals rent 2000 riyals Advertising Required: Make the day entries necessary to record the previous operations, knowing that the company operates in the periodic inventory system Calcutting the cost of goods sold on 30/1/1413A, bearing in mind that the market value of the goods at the end of the period is 64000 riyals, while its cost was 66000 riyals. Calculation of (gross profit/loss) and (net income) for the period ended 30/1/1443 AH. ) second duty Financial Accounting Principles 201 ACCT On the first of Muharram 1443 A, the "A-Salam Trading facility was estab shed the capita of 1.000.000 riyals provided by the ownezin Picture a group of assets as follows: 400,000 riyals lands 200,000 riyals 100000 riyals 120000 riyals ewide 180000 riyals bank cash The lowing are the operations that took place during the month of Maram 1- in 1/2 The facility purchased goods on the account from the Arab company for an amount of 80,00 nyals with conditions , 102/30, provided that the delivery of the buyer's place will be 2- in 1/3 The facility purchased youds for the amount of 50.000 lyss from Areas Company and paid its price by check , The transportations within 4000 nyals were also paid by check 3- in 1/5 The fatty retarned the goods purchased in 12 for the amount of 10.000 nye for not conforming to the specificatiesas 1 gota allowance of 2000 riyals for the rest of the merchandise purchased due to some damage to it 4- in 1/6 She returned part of the merchandise purchased on 13 in the amount of conyals and got its value in cash 5 - in 1/8 She scle merchandise for the amount of 2.000 nyals on the account of Hum Company, on the terms of 102/30 s2, / en 6- in 1/9 She bought merchandise on the account in the amount of 4,0 from Saber Brothers Trading Company or conditiers ryals on 103. p. and the delivery of the purchased goods will be in the place of the seller p3 7. in 1/10 the presenting the prese per te breites Comey martin asenyah were paid by check af 8- On 1/11 I paid the due to the Arab company by check 9- on 1/13 Al-Hossam Company refunded part of the goods sold to it on 1/8 with an amount of sooriyals due to the lack of conformeay to specifications. Al usam Company also received a grace amount of Arayals as a result a because there are some damages in the goods sent to them. 10-at 1/15 She said the dues to Saber Dothers Conperty with a check. 11- on 1/16 She sole merchandise for cash an amount of 13600C rats. 12- On 1/17 Al-Hussam Trading Company paid the dues in cash. 13-at 1/25 The company paid the following expenses in cash: 10000 riyals Sales and 2000 riyals rent 2000 riyals Advertising Required: Make the day entries necessary to record the previous operations, knowing that the company operates in the periodic inventory system Calcutting the cost of goods sold on 30/1/1413A, bearing in mind that the market value of the goods at the end of the period is 64000 riyals, while its cost was 66000 riyals. Calculation of (gross profit/loss) and (net income) for the period ended 30/1/1443 AH. )