Question Tow

Jad company sold S 178,000 of its receivables for PAL collection company for S 172,500.

Required:

Journalize the required entry.

Question Three

. The company 450,23/2021, MAP Company Purchased Truck for S01/01On paid additional expenditure: Sales Tax 3,856, Panting and littering $932, vehicle licenses S 326 and vehicle insurance of $752.

Required:

Calculate the total cost of this Truck and journalize the required entry.