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Assignment End of Chapter Exercise 12.11 The following transactions relate to the business of Richmond Raleigh Ltd. 1. A w dated 4 July provided for

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Assignment End of Chapter Exercise 12.11 The following transactions relate to the business of Richmond Raleigh Ltd. 1. A w dated 4 July provided for payment after 90 days of $4,900 plus interest at 10% p.a. was received on 4 July 2. On 6 April, the company received a 90-day, 10% acceptance covering the amount owing by F. French, the acceptor, for $7,300. 3. The club received a 60-day, 8% promissory note dated 9 March for a debt of $9,800 from a customer, and discounted it at 10% at the bank after 30 days. en Assignment PRINTER VERSION BACK NEXT URCES Refer to the details provided in (2) above. Show the general journal entries to record receipt of the ball and its collection at its maturity date. (Enter debit entries first, followed by credit entries. Cred accounts are automatically Indented when the amount is entered. Do not indent manually. Round answers to 2 decimal places, e.g. 52.75.) Richmond Raleigh Ltd General journal (extract) Date Particulars (To record recept of (To record interest earned) (To record cash received on bu)

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