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Third Question , 2019, The Saudi Investment Bank received three local commercial papers from AlJouf Company as follows: First paper was issued on March 1,

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Third Question , 2019, The Saudi Investment Bank received three local commercial papers from AlJouf Company as follows: First paper was issued on March 1, 2018, SR 100,000, one-year, 5%, for conce the maturity date, the bank collected the commercial papers in full, deposited the am the current account of the company, and took its whole collection fee. mmercial papers in full, deposited the amounts into The bank agreed to discount the second paper on the same day at 8%. The papers were issued on Jan. 1st, 2019, SR 75000, 120-day, 4%. On the maturity date, the bank collected the commercial papers cash. 360 The company requested a loan from the Bank and submitting the third commercial paper as collateral. The paper issued on August 1, 2018, SR 300,000, 7%, one-year. The bank gave the company a loan of 50% of the face value at 8% for six months. On the maturity date of the loan, the bank collected the amounts from the current account of the company. Required: Journalize the transactions if you know the fee for collecting Local Bill is SR 100 per bill. UNS: The source documents for assigning cost documents for assigning costs to process costing system ares invoice, time tickets, and the predetermined overhead rate Materials requisition slips, Time tickets, and the pl Materials requisition slips, payroll register, requisition slips, Time tickets, and the predetermined overhead rate cuisition slips, payroll register, and the predetermined overhead rate Materials requisition slips, time tickets, and the actual overhead costs

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