Question

Journal entries of
Paid ABC Marketing and Trading Co. in full settlement 2,700

Answer 1

Answer:

ABC Marketing and Trading Co a/c. dr. 2700

to cash a/c. 2700

Answer 2

Answer:

I feel your question is incomplete. you should've posted the whole journal entry because "pain in full settlement" means there's a purchase made with ABC before.

"paid in full settlement" will involve a "to discount received ac".

ABC Marketing & Trading Co. _dr (*1)

) To Cash ac 2,700 (*2)

To Discount Received ac (*3)

(*2) you're paying 2,700 only because it says "in full settlement".

(*3) amount will be the difference between what you previously owed them (that you'll have to figure out by looking at the previous purchases that you made with them).

(*1) amount that you owed them.

(hope my answer was helpful to you. please mark my answer the brainliest!!! I'll be very grateful.)