Question 1: The company has some receivables with the amount of 900,000. The details of the receivables are given below. 20% of them is short term and there is no contract 40% of them is long term and there is a contract. 15% of them is long term and there is no contract. The remaining part is short term and there is a contract. On 06.04.2020, the company collected 60% of long term receivables. The way of collection is emphasized below. 70% is taken on Citibank account 20% is taken as cheque The remaining part is taken with cash. Please prepare the accounting records. Question 2: The company has 600,000 debts. The details of the debts are given below. For 30%, it is short term and there is no contract For 60%, it is long term and there is a contract The remaining part is long term and there is no contract. The company decided to pay 30% of all debts. The payment will be as below. 25% will be paid by cash 65% will be paid by Halkbank account For the remaining part, the company is giving a cheque. Please prepare the accounting records