Question: I need the answer as soon as possible 4. On 15 May 2021, Bauk Consumer Electrical Berhad sent a Purchase order to AM Supplier requesting

I need the answer as soon as possible

4. On 15 May 2021, Bauk Consumer Electrical Berhad sent a Purchase order to AM Supplier requesting for some raw materials. On 3 June 2021 company received the raw materials together with an invoice worth RM88,800. Additional costs incurred include delivery charges of RM 1,900 and insurance on purchase of RM1,660. On 5 September 2021, company paid half of the outstanding debt to AM Supplier by cheque and received 10% discount given by the supplier. On 28 December 2021, company paid the remaining balance to AM Supplier by issuing a cheque. Required: i. Prepare the journal entry to record the payment made on 5 September 2021. (3 marks) ii. Discuss whether Bauk Consumer Electrical Berhad can derecognize AM Supplier from company's book on 31 December 2021. (3 marks) (Total: 6 marks)

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