Solitaire jewellers are one of the premier diamond jewellery retail shops and are subject to following accounting transactions. Purchased diamonds on three months credit from its supplier the bill amounts to be $ 1,000,000 on first of June. What will be the general entry for this transaction on 01/02 and 30/04? (1/2+1/2) Suppose supplier is not agreed for the credit term and requires payments in cash. Solitaire jewellers seek the services of its bank and signed a promissory note of $1,000,000 with the bank. The bank charges 12% interest. What will be general entry to account for this transaction as of 01/02 and 30/04