Indicate by journal entries how the following would appear in the ledger accounts of

(a) Noone,

(b) Iddon.

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19X8 Jan 1 Iddon sells goods 420 to Noone, and Noone sends to Iddon a three months' acceptance for this amount. 1 Iddon discounts the acceptance with the Slough Discount Co. Ltd, receiving its cheque for 412. Feb 29 One-third of Noone's stock, valued at 3,600, is destroyed by fire. Noone claims on the underwriters at Lloyds with whom he is insured. Apr 1 The underwriters admit the claim for 3,000 only as the total stock was only insured for 9,000. " 3 4 In view of Noone's difficulties Iddon meets the acceptance due today by giving his cheque for 420 to the Slough Discount Co. Ltd; he draws on Noone a further bill for one month for 430 (to include 10 interest) which Noone accepts. 9 Noone receives cheque from the underwriters in settlement of the admitted claim. May 7 Noone's bank honours the acceptance presented by Iddon as due today.