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On 2 March 2021 LHZ Ltd issued a 5% bill payable to Slone Ltd in settlement of an account of $25,000 for goods purchased last year. On 30 April 2021 LHZ Ltd paid the amount due on the bill.
Required:
Problem a. Record the issue of the bill in the general journal. Narrations are not required.
Problem b. Record the payment of the bill on 30 April 2021 in the general journal. Narrations are not required.
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