In First Requrement A : The investment bank collected 2.5%

Question eight: (15 points A) Dab Company provides 1,200,000 of its account receivables to investment bank for notes 600,000 on 1/10/2019. 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 31/10/2019 collected and paid 180,000, 30/11/2019 collected and paid 250,000 and 31/12/2019 collected 250000. Required: Journalize all entries for the notes and its settlement during the period? B) at 1/1/2019 a company issued $1,000,000, 10% semiannually 5 years' bonds when the market interest was 8% Required: Journalize all entries for the bond during 2019? C) Levers Company's bank statement for the month of December showed a balance per bank of $10,180. The company's Cash account in the general ledger had a balance of $9,417 at September 30. Other information is as follows: 1. Deposit in transit was $6,000 this amount does not appear as deposit on the bank statement. 2. The bank statement shows a debit memo for $60 for check printing charges. 3. The total amount of outstanding checks at September 30 amounted to $6,300. 4. The bank had collected notes receivable of $3,000, plus $70 interest and the bank charged a collection fee of $10. 5. Check No. 238 was correctly written and paid by the bank for$429. The cash payment journal reflects an entry for Check No. 238 as a debit to Accounts Payable and a credit to Cash in Bank for $492. 6. The bank returned NSF check from a customer for $1030. 7. Included a canceled check No. 522 of $1570 was incorrectly charged to Company by the bank. Required: Prepare bank reconciliation for the Month of December and journalize its entries