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Question No.2 - Part-C... (Mark-2) Umair Enterprises wrote off a Rs.5,500 account receivable from a customer Gul Badshah on March 16, 2019. Gul Badshah, paid
Question No.2 - Part-C... (Mark-2) Umair Enterprises wrote off a Rs.5,500 account receivable from a customer Gul Badshah on March 16, 2019. Gul Badshah, paid the account in full on April 27,2019. Instructions: Prepare the journal entry(ies) to record the collection of amount from Gul Badshah on April 27, 2019. Page 2 of 6 Question No.2 - Part-D... (Mark-2) On September 1, 2019, Cold Breeze Pharma International acquired a 10 percent nine-month note receivable from Natural Health Products Ltd (a credit customer) in settlement of a Rs.500,000 account receivable. The company's financial year ends on 31-December. Instructions: Prepare journal entries to record the following: The receipt of the note on September 1, 2019, in settlement of the account receivable. The adjustment to record accrued interest revenue on the end of financial year (mention the date in journal entry) The collection of the principal and interest on maturity date (mention the exact date in journal entry)
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