Question: need correct Answer asap Shaun draws on Bob a bill of exchange for 3 months for $1,000 which Bob accepts on 1st January, 2017. The

need correct Answer asap Shaun draws on Bob a bill of

need correct Answer asap

Shaun draws on Bob a bill of exchange for 3 months for $1,000 which Bob accepts on 1st January, 2017. The bill is discounted on 1st February, 2017 for $985. Bob meets the bill on the due date. Pass journal entries in the books of Shaun and Bob

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