View attached explanation and answer. Let me know if you have any questions.College of Administration and Finance SciencesAssignment (2)Deadline: Saturday 6/11/2021 @ 23:59Course Name: Principles of AccountingStudent’s Name:Course Code: ACCT101Student’s ID Number:Semester: 1stCRN:Academic Year: 1443 HFor Instructor’s Use onlyInstructor’s Name: Khaled AlmuaqelStudents’ Grade:/5Level of Marks: High/Middle/LowInstructions – PLEASE READ THEM CAREFULLY•The Assignment must be submitted on Blackboard (WORD format only) via allocated folder.•Assignments submitted through email will not be accepted.•Students are advised to make their work clear and well presented, marks may be reduced forpoor presentation. This includes filling your information on the cover page.•Students must mention question number clearly in their answer.•Late submission will NOT be accepted.•Avoid plagiarism, the work should be in your own words, copying from students or otherresources without proper referencing will result in ZERO marks. No exceptions.•All answers must be typed using Times New Roman (size 12, double-spaced) font. Nopictures containing text will be accepted and will be considered plagiarism.•Submissions without this cover page will NOT be accepted.Assignment Question(s):(Marks 5)Q1. A company that uses a perpetual inventory system made the following cash purchases and sales.There was no beginning inventory.(2 marks)College of Administration and Finance SciencesJanuary 1:Purchased 100 units at SAR10 per unitFebru…
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