please answer 9.6 bills payable transactions. required is given in the 2nd pic. just post the journal entires properly.

Farida Company Problem 9.2 Classification of liabilities Alternative to Problem 9.1 (a) Current tax liability. (b) Debentures payable. (C) Mortgages payable. (d) Current portion of debentures payable. (e) Interest payable. (1) Trade payables. (8) Pensions payable. Required Classify the items as (a) current or non-current liabilities (b) definite or estimated vas, On March 1, 20XX, Mahati Company bought goods for $20,000 and accepted a 60-day, per bill. It paid the bill on the maturity date. The company's fiscal year ends on March 31. (c) operating or financial liabilities. Problem 9.3 Bills Payable Transactions Required Record the transactions. Problem 9.4 Income Tax ** Problem 9.5 Bills Payable Transactions Ritu Company reported an accounting profit of 50,000 and tax loss of 20,000 for the year en March 31, 20x. The income tax rate is 35 per cent and the MAT rate is 10 per cent Required Prepare the journal entry to record the income tax expense for the year. Lucky Traders had the following bills payable transactions: Mar. 11 Purchased merchandise from Khan Company on a 90-day, 18 per cent bill for 220 Apr. 24 Borrowed from Vijaya Bank on a 60-day, 16 per cent bill for 30,000. May 4 Purchased merchandise on account from Khan Company, 28,000. June 9 Paid the 90-day bill payable to Khan Company. 10 Issued a 90-day, 18 per cent bill in settlement of the amount due to Khan Company, June 23 Paid Vijaya Bank Sep 8 Paid Khan Company. 17 Purchased merchandise from Khan Company on a 90-day bill for 10,400 Required 1. Prepare journal entries to record the transactions. 2. Prepare the adjusting entry on May 31, the company's year-end, to record the X interest payable on the two bills. 30 30 Problem 9.6 Bills Payable Transactions *** Alternative to Problem 9.5 Satnam Company had the following bills payable transactions: July 28 Borrowed from Union Bank on a 90-day, 20% bill, 250,000. Aug. 10 Purchased merchandise on account from Mithun Company, 310,000. 31 Borrowed from Times Bank 30,000 on a 90-day bill, 531,250. Sep. 17 Issued a 60-day, 22% bill in settlement of the amount due to Mithun Company. Au go 20 sep.30 62 Assignment Material Oct. 26 Paid Union Bank. Nov 16 Paid Mithun Company. 22 Purchased merchandise from Mithun Company on a 60-day, 20% bill, 525,000. 29 Paid Times Bank. Required 1. Prepare journal entries to record the transactions, 2. Prepare the adjusting entry on September 30, the company's year-end, to record the accrued interest pavable on the two bills. On September 14, 20XX, Asif Brassware in Moradabad sold on credit a vase for 35,000 plus tax to Prot Veena Traders in Lucknow. On October 19, 20XX, Veena Traders sold the vase for cash to Praveen Good Kumar, a consumer, in Patna for $7,000 plus tax. CGST is 5 per cent, SGST is 5 per cent and IGST Trans is 10 per cent. GST was paid to the government on the first day of the following month. Required Record the transactions in the journals of Asif Brassware and Veena Traders. On March 8, 20XX, Jain Granites in Chittorgarh sold for cash a stone block for $25,000 plus tax to Pro Arihant Homes in Udaipur. On May 25, 20xx, Arihant Traders sold the stone block on credit to Vishal, Goc A consumer, in Mumbai for $32,000 plus tax. CGST is 5 per cent, SGST is 5 per cent and IGST is 10 Tax per cent. GST was paid to the government on the first day of the following month. Alte Required Record the transactions in the journals of Jain Granites and Arihant Traders. Siraj Company sells geysers under a warranty contract that requires the company to replace defective Pre parts free of charge, but the customer must pay the labour charges. In the past, 5 per cent of the sales Pro at an average price of 34,300. During the month, the company received 60 pieces under the warranty required warranty replacement costing 150 per piece. During March, the company sold 700 pieces * and these were returned after repairs costing 7,430. The company collected labour charges of 600. Required 1. Prepare journal entries to record (a) the cost of warranty repairs completed during the , and (hl recoint of conui royenue maire completed during the