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(a) PQS Company Limited prepares its financial statement quarterly. The transaction provided is applicable for the third quarter (July-September). On first August 2021, the company
(a) PQS Company Limited prepares its financial statement quarterly. The transaction provided is applicable for the third quarter (July-September). On first August 2021, the company purchased a machine by Tk. 100,000 from XYZ Company paying Tk. 20,000 in cash and signing a 10%, 4-month, Tk. 50,000 note. instructions: (2) Prepare journal entries and adjusting entries for the quarter ended on 30.9.2021 in the books of PQS Company. please do instructions 2
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