b. The following transactions were completed by Austin Ltd over a 3-month period: Nov 10: Received from G. R. Jackman, a customer, a Tk. 4,000, 60-day, 9% note dated Nov Nov 11: Received from Leshner...


b.<br>The following transactions were completed by Austin Ltd over a 3-month period:<br>Nov 10: Received from G. R. Jackman, a customer, a Tk. 4,000, 60-day, 9% note dated Nov<br>Nov 11: Received from Leshner on account, a Tk. 1,800, 60-day, 12% note dated Nov.10.<br>Nov 20: Discounted Leshner'S note at the bank at 10%.<br>Nov 24: Discounted Jackman's note at the bank at 10%.<br>Dec. 3: Received a Tk. 2950, 30-day, non-interest bearing note darted Dec. 1 from Prado,<br>C.<br>11.5<br>crediting Parado's account at face value.<br>Dec. 7: Discounted Parado's note at the bank at 9%.<br>Dec. 29: Received from Averett, a Tk.500, 90-days,12% note dated Dec.14 and made by B. Realty<br>Inc. gave the customer credit for the maturity value of the note less discount at 10%.<br>Dec. 29: Received a Tk. 3,500, 10-day, 7% note dated December 29 from S. Sulivan, a<br>customer.<br>Jan 10: Received notice from the bank that Jackman's note was not paid at maturity. A<br>protest fee of Tk.15 was charged by the bank.<br>Jan 22: Received a Tk.15,000, 120-day, 9% note dated January 22 from Thorgood, a customer.<br>Jan 28: Received payment on Sulivan's note, including interest at 10% on the face value from<br>the maturity date.<br>Prepare journa! entries in the books of Austin Ltd.<br>las inueicod at<br>17 5<br>

Extracted text: b. The following transactions were completed by Austin Ltd over a 3-month period: Nov 10: Received from G. R. Jackman, a customer, a Tk. 4,000, 60-day, 9% note dated Nov Nov 11: Received from Leshner on account, a Tk. 1,800, 60-day, 12% note dated Nov.10. Nov 20: Discounted Leshner'S note at the bank at 10%. Nov 24: Discounted Jackman's note at the bank at 10%. Dec. 3: Received a Tk. 2950, 30-day, non-interest bearing note darted Dec. 1 from Prado, C. 11.5 crediting Parado's account at face value. Dec. 7: Discounted Parado's note at the bank at 9%. Dec. 29: Received from Averett, a Tk.500, 90-days,12% note dated Dec.14 and made by B. Realty Inc. gave the customer credit for the maturity value of the note less discount at 10%. Dec. 29: Received a Tk. 3,500, 10-day, 7% note dated December 29 from S. Sulivan, a customer. Jan 10: Received notice from the bank that Jackman's note was not paid at maturity. A protest fee of Tk.15 was charged by the bank. Jan 22: Received a Tk.15,000, 120-day, 9% note dated January 22 from Thorgood, a customer. Jan 28: Received payment on Sulivan's note, including interest at 10% on the face value from the maturity date. Prepare journa! entries in the books of Austin Ltd. las inueicod at 17 5

Jun 11, 2022
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