4:20 Principles of Accounting 2 Assignment a Instructions . Avoid Plagiarism: Provide the references if you are using a source. Submit your answers through E-Learning Answer all the Questions: 1. Draw up a) Sales journal and Cash Receipt Journal b) Accounts Receivable Subsidiary Ledgers c) Accounts Receivable Control account. (6 marks) January 1: Sold OMR 10.000 merchandise inventory, 5/15, 1/30, FOB destination with a cost price of OMR 7.000 to Mr. Nasser January 2: Paid shipping expenses RO 500 for Jan 1. January 10: Sold OMR 20000 Merchandise inventory in cash with a cost price of RO 14,000. January 12: Received cash from Mr. Nasser after discount January 15: Sold OMR 15,000(Cost Price OMR 12,000) merchandise inventory with payments of 10/20, n/45 to Mr. Masood. January 20: Mr.Massod returned defective Merchandise to the seller OMR 5,000 cost price OMR 3,000) 2. Draw up: a) Purchase Journal and Cash Payment Journal b) Accounts payable Subsidiary ledgers c) Accounts Payable Control account. (6 marks) January 1: Merchandise bought on credit from Mr. Anwar RO 5000 with a credit terms 2/20, n. 45 at FOB shipping point. January 2: Paid shipping expenses RO 300 January 3: Inventory bought on credit from Mr. Tahir RO 6000 January 4: Cash paid to Mr.Anwar after discount. 3. Explain the different types of errors