ifrs system

Question one: (8 marks) Dab Company provides 1,200,000 of its account receivables to investment bank for notes 600,000 on 1/10/2020. The investment bank collected 2.5 as bank financing charges and 8% interest on notes. Payment will be monthly according to collection of account receivables. On 31/10/2020 collected and paid 180,000, 30/11/2020 collected and paid 250,000 and 31/12/2019 collected 250000. Required: Journalize all entries for the notes and its settlement. during the period