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Part 2: Radiant Supplies Lid has overdue fees receivable from C. Daly of $37 500 On 22 May 2020 Short requested a 90 day extension

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Part 2: Radiant Supplies Lid has overdue fees receivable from C. Daly of $37 500 On 22 May 2020 Short requested a 90 day extension of the payment date, and the company agreed to accept a 90-day, 9% bills receivable in exchange for the account receivable. Required: at 30 June 2020 Prepare the general journal entries to record the receipt of the bills receivable and any necessary adjusting entries Question 3 (20 marks) The most recent financial statements for Transcend Pty Ltd are shown below: TRANSCEND PTY LTD Comparative Statements of Financial Position as at 30 June 2019 2020 Mar ASSETS Show all X auto.proctoru.com is sharing your screen. Stop sharing Hide LogMein....exe 11:31 AM EN A 9/06/2021 WE

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