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. Samis Skateboards uses the periodic inventory system and had the following sales transactions during May: (3 MARKS)
May 2 Sold merchandise to Ahmad Shop on credit for SAR 4,800, terms 1/15, n/60. The items sold had a cost of SAR $2,700.
May 4 Ahmad Shop returned merchandise that had a selling price of SAR 200. The cost of the merchandise returned was SAR110.
May 13 Ahmad Shop paid for the merchandise sold on May 2, taking any appropriate discount earned
Prepare the journal entries that Samis Skateboards must make to record these transactions
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