Solve question number 5 and dont send any links 5. On 12th February, 2008, X sold goods worth to Y. On February. 2008.
X drew three bills of exchange worth 0.000, 0000 and C 1,000 payable after 3
months, 2 months and Imonth respectively. Y accepted all the bills and returned
them to X immediately. X discounted the first bill on 15th March, 2008 @ 10% p.a.
with his bank. He endorsed the second bill to Z on 18th March, 2008. He retained
the third bill till maturity. Y met the third bill on the due date but dis
the first and the second bills. Noting charges amounting to 2S for each of the"
two bills were incurred and a new bill is drawn for total amount including notin
charges on 20th May, 2015.
Pass the necessary Journal entries in the books of X.
4074k -Y