Question 4. (10) Prepare Two Columns Cash Book from the following transactions for the year 31
December 2019.
(a)Cash in hand Rs. 18,000
(b)Received from Ali and Co. Rs 1,500
Discount allowed Rs. 60
(c) Cash sales Rs.30,000
(d)Paid Rashid sons Rs 1,500
Discount received Rs. 40
(e) Purchased goods for cash Rs. 900
(f) Received from Aslam Rs. 7,500 and Discount allowed Rs.40
(g)Purchased Furniture for cash Rs. 900

Taking commercial paper means the holder acts honestly

Arestaurant that creates a new type of sandwich is using (blank) as a method of competition.

Reynolds corp. factors $400,000 of accounts receivable with mateer finance corporation on a without recourse basis on july 1, 2015. the receivables records are transferred to mateer finance, which will receive the collections. mateer finance assesses a finance charge of 1 ½ percent of the amount of accounts receivable and retains an amount equal to 4% of accounts receivable to cover sales discounts, returns, and allowances. the transaction is to be recorded as a sale.required: a. prepare the journal entry on july 1, 2015, for reynolds corp. to record the sale of receivables without recourse.b. prepare the journal entry on july 1, 2015, for mateer finance corporation to record the purchase of receivables without recourse— think through this.c. explain the difference between sale of receivables with recourse as oppose to without recourse.