# 01 Mr. Humair Ali Khushk taken Rs. 1,000,000, a mortgage based 15% per annum loan from National Bank of Pakistan on January 1, 2000 for the period of 5 years. Accounting year closes on December 31. Required: Calculate Semi-Annual Installment amount. Make loan Amortization table on Semi-Annual payment base. Make all necessary journal entries. Q # 02 Mr. Shahid Iqbal bought furniture from ideal furniture for Rs. 700,000 from which paid Rs. 200,000 cash and for remaining amount through a promissory note with 10% per annum bases on January 31, 2005 for 3 years' period. Accounting Year ends on December 31. Required: Calculate Semi-Annual Installment amount. Make Amortization table on Semi-Annual payment base for notes. Make all necessary journal entries