Answer 31 fast

Answer 31 fast the bill is dignon•-' R.n.w.l of and Retiring under Rebate 31. on 250. B payable 1 / date. 10 to the new hill for Make the Journal entries to record these transactions in the books ofboth A and E 32. A to B on September. 2017 16,000. B immediately accepted a 3 bill. on the due date, B requested that the bill be renewed for a further period of 2 A agreed provided interest at p.a. was paid immediately in cash. To this B The bill was met on the due date. Give the Journal entries in the books of A. 33. on May, 2017, Merchant & co. sold goods toAB & co. valued at 500 and them a bill at 3 months for the amount. AB & co. accepted the draft on presentation. the bill was about to mature. AB & Co. expressed their inability to meet it, and offered pay Merchant & Co. 200 in cash and to accept a fresh bill for the balance plus interest at 6% p.a. for 3 months. Merchant & Co. agreed to the proposal and bill was renewed- maturity, the bill was duly met. Make the entries in the books of both the parties to record the above transactions. 34. A owed B 400. A accepted a Bill Of Exchange at 3 months date for this amount which B discounted for 380. Give the necessary Journal entries in the kH)0ks Of A and B if this bill is: (a) dishonoured on the due date; (b) met at maturity and (c) retired under rebate at 6% p.a. 2 months before its maturity. 15. Amar sells to Bhola for 10,000 and drawg upon him a bill for the amount payabk 3 months after date. The bill is accepted by Bhola. Amar discounts the bill With his bankers at a discount Of 150 inclusive Of all charges. Bhola fails to meet this bill on maturity Amar pays off hig banker and his expenseg amounting to 100. Bhola gives a fresh bill' 2 months' date to Amar for 10,250, which he met at maturity. Show the necessary Journal entries in Amar's books.