b$)$ On $1$ st October $2021,$ Julius purchased goods with an invaice amount of sh $200,000$ with terms $\frac{3}{15},$ n$/45.$ Julius records liabilities at the gross amiount. The full amount due was paid on $14$th October $2021.$

Required:

Show the journal entries to record the above transactions. Indicate the dates clearly. $(5$ marks$)$

c$)$ On $1$st January $2021,$ Jane borrowed shi. $300,000$ and issued a three month note bearing interest at $15\%$ p$.$a$.$ The note was honoured on the due date.

Required:

Show the journal entries to record the above transactions. Indicate the dates clearly. $(5$ marks$)$

$($Total $14$ markc