2. The year end stocks for the two main groups of stock held by Salman Stores are found to be: Cost Net realizable value $ Crockery 5,000 4,600 Electronics 4,000 4,200 Cutlery 3,500 3.800 Total 12,500 12,600 Calculate the value of closing stock (inventory) to be reported in the Statement of Financial Position 5. Which of the following items could appear on the credit side of a payables ledger control account? (1) Cash paid to suppliers (2) Credit Purchases (3) Discounts Received (4) Returns Outwards 1.JB traders had the following transactions during the month of July, 2018 2019 July 1 Credit purchases from: Karima $380; Marwa $500; Noman $106. -- 3 Credit sales to: Elham $510; Eman $246; Furqan $356. - 5 Cash purchases from: Rahil $200; Jasim $180; Daliya $410; = 8 Cash purchases from: Arwa $307, Hashim $250. -- 20 Credit sales to: Eman $188; Fawaz $310. ==24 Credit purchases from: Fatima $550; Khalid $900. =- 31 Goods returned to us by: Emin $27; Elham $30. == 31 Goods returned by us to : Jasim $13; Daliya $11. A. The total of the Purchase Day Book is: 8. Increase in Allowance for receivables is considered as: 2. The year end stocks for the two main groups of stock held by Salman Stores are found to be: Cost Net realizable value $ Crockery 5,000 4,600 Electronics 4,000 4,200 Cutlery 3,500 3.800 Total 12,500 12,600 Calculate the value of closing stock (inventory) to be reported in the Statement of Financial Position. 5. Which of the following items could appear on the credit side of a payables ledger control account? (1) Cash paid to suppliers (2) Credit Purchases (3) Discounts Received (4) Returns Outwards 1.JB traders had the following transactions during the month of July, 2018 2019 July 1 Credit purchases from: Karima $380; Marwa $500, Noman $106. -- 3 Credit sales to: Elham $510; Eman $246; Furqan $356. 5 Cash purchases from: Rahil $200; Jasim $180; Daliya $410; = 8 Cash purchases from: Arwa $307; Hashim $250. -- 20 Credit sales to: Eman $188; Fawaz $310. ==24 Credit purchases from: Fatima $550; Khalid $900. -- 31 Goods returned to us by: Emban $27; Elham $30. == 31 Goods returned by us to : Jasim $13; Daliya $11. A. The total of the Purchase Day Book is: 8. Increase in Allowance for receivables is considered as