The following were among transactions of Everluck Enterprises Ltd during the financial years ending 30 June 2023 and 30 June 2024.

Required Record in general journal form all the above transactions, including any end‐of‐period adjustments required at 30 June 2023.

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2023 March 1 May 30 June 1 July 31 Everluck Enterprises Ltd discounted its own 90-day bill of exchange made out to Reliance Bank. The face value of the bill was $500 000 and the bill was discounted at 8% p.a. Paid the Reliance Bank the amount due on the bill. Everluck Enterprises Ltd discounted a further 60-day bill, made out to Mirror Bank for $200 000 at a discount rate of 8% p.a. Everluck Enterprises Ltd honoured its bill drawn on Mirror Bank.