H. Ltd. forwarded on 1st December, 2017, 50 pressure cookers to Kale of Mumbai to be sold on behalf of H. Ltd. The cost of one pressure cooker was Ksh 1,200 but the invoice price was Ksh 1,600. H. Ltd. incurred Ksh 2,000 on freight and insurance. Kale received the consignment on 14th December, 2017 and accepted a 3 months’ draft drawn upon him by H. Ltd. for Ksh 40,000. Kale paid Ksh 1,050 as rent and Ksh 250 as insurance and by 31st March had disposed of 40 pressure cookers at Ksh 1,640 each. Kale is entitled to a commission of 5 per cent on sales including a del credere commission of 1%. Kale sold 10 pressure cookers on credit and was not able to recover sale proceeds of one pressure cooker because of insolvency of the debtor. Required:

(i) Prepare all the ledger accounts in the books of H Ltd; (8 Marks)

(ii) Pass journal entries for all the transactions relating of consignment. (7 Marks)

John and daphne are saving for their daughter ellen's college education. ellen just turned 10 at (t = 0), and she will be entering college 8 years from now (at t = 8). college tuition and expenses at state u. are currently $14,500 a year, but they are expected to increase at a rate of 3.5% a year. ellen should graduate in 4 years--if she takes longer or wants to go to graduate school, she will be on her own. tuition and other costs will be due at the beginning of each school year (at t = 8, 9, 10, and 11).so far, john and daphne have accumulated $15,000 in their college savings account (at t = 0). their long-run financial plan is to add an additional $5,000 in each of the next 4 years (at t = 1, 2, 3, and 4). then they plan to make 3 equal annual contributions in each of the following years, t = 5, 6, and 7. they expect their investment account to earn 9%. how large must the annual payments at t = 5, 6, and 7 be to cover ellen's anticipated college costs? a. $1,965.21b. $2,068.64c. $2,177.51d. $2,292.12e. $2,412.76